Publications

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On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital is Not Tradeable

2000 | Miscellaneous | Book Chapter
Merton, Robert C. “On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital is Not Tradeable.” In Financial Aspects of the U.S. Pension System, edited by Zvi Bodie and John Shoven. Chicago: University of Chicago Press, 1983. (Reprinted in The Foundations of Pension Finance, Volume I, Zvi Bodie and E. Philip Davis, eds., Edward Elger, 2000.)

Finance

2000 | Functional Finance and Finance Principles | Book
Bodie, Zvi, and Robert C. Merton. Finance. N.J.: Prentice Hall, 2000. (Translations in modern and traditional Chinese, Japanese, Spanish, Portuguese, French, Russian, Korean, and Polish.)

Commentary: Finance Theory and Future Trends: The Shift to Integration

July 1999 | Financial Engineering | Paper
Merton, Robert C. “Commentary: Finance Theory and Future Trends: The Shift to Integration.” Risk (July 1999): 48-50.

The Global Financial System Project

1999 | Derivatives/Options | Book Chapter
Merton, Robert C., and Peter Tufano. “The Global Financial System Project.” In The Intellectual Venture Capitalist: John H. McArthur and the Work of the Harvard Business School, 1980-1995, edited by T. K. McCraw and J. L. Cruikshank. Boston: Harvard Business School Press, 1999.

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

June 1998 | Derivatives/Options | Paper
Merton, Robert C. "Applications of Option-Pricing Theory: Twenty-Five Years Later." American Economic Review 88, no. 3 (June 1998): 323-349.

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

June 1998 | Derivatives/Options | Book Chapter
Merton, Robert C. "Applications of Option-Pricing Theory: Twenty-Five Years Later" In Les Prix Nobel 1997. Stockholm: Nobel Foundation, 1997. (Reprinted in American Economic Review, June 1998.)