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. Nobel Prize Outreach AB 2023. Mon. 25 Sep 2023. <>

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