Robert C. Merton

Prize Lecture

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

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

Read the Lecture
Pdf 2.11 MB

Copyright © The Nobel Foundation 1997

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

To cite this section
MLA style: Robert C. Merton – Prize Lecture. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 25 Sep 2023. <https://www.nobelprize.org/prizes/economic-sciences/1997/merton/lecture/>

Back to top Back To Top Takes users back to the top of the page

Coming up

2023 Nobel Prize announcements

This year’s Nobel Prize announcements will take place 2–9 October. All announcements will be streamed live here on nobelprize.org.

See the full schedule
Announcement dates

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.