Robert C. Merton

Prize Lecture

Lecture to the memory of Alfred Nobel, December 9, 1997

Applications of Option-Pricing Theory: Twenty-Five Years Later

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Copyright © The Nobel Foundation 1997

From Nobel Lectures, Economics 1996-2000, Editor Torsten Persson, World Scientific Publishing Co., Singapore, 2003

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MLA style: Robert C. Merton – Prize Lecture. NobelPrize.org. Nobel Prize Outreach 2025. Fri. 5 Dec 2025. <https://www.nobelprize.org/prizes/economic-sciences/1997/merton/lecture/>

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