Robert C. Merton | Academic Influence

Robert C. Merton's AcademicInfluence.com Rankings

Robert C. Merton

Economics

#119

World Rank

#156

Historical Rank

#83

USA Rank

Financial Economics

#1

World Rank

#1

Historical Rank

#1

USA Rank

economics Degrees

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Economics

Robert C. Merton's Degrees

Bachelors Engineering Mathematics Columbia University
Masters Applied Mathematics California Institute of Technology

Why Is Robert C. Merton Influential?

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According to Wikipedia, Robert Cox Merton is an American economist, Nobel Memorial Prize in Economic Sciences laureate, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Black–Scholes–Merton model. In 1997 Merton together with Myron Scholes were awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for the method to determine the value of derivatives.

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Robert C. Merton's Published Works

Number of citations in a given year to any of this author's works

Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author

Published Works

AN INTERTEMPORAL CAPITAL ASSET PRICING MODEL (1973) (6037)
On the Pricing of Corporate Debt: The Risk Structure of Interest Rates (1974) (5750)
Option pricing when underlying stock returns are discontinuous (1976) (5705)
Presidential Address: A simple model of capital market equilibrium with incomplete information (1987) (5424)
Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969) (4631)
Theory of Rational Option Pricing (2015) (4338)
Optimum Consumption and Portfolio Rules in a Continuous-Time Model* (1975) (3654)
On Estimating the Expected Return on the Market: An Exploratory Investigation (1980) (3069)
Optimum consumption and portfolio rules in a continuous - time model Journal of Economic Theory 3 (1971) (3029)
An analytic derivation of the cost of deposit insurance and loan guarantees An application of modern option pricing theory (1977) (1927)
Continuous-Time Finance (1990) (1429)
Labor Supply Flexibility and Portfolio Choice in a Life-Cycle Model (1992) (1203)
An Analytic Derivation of the Efficient Portfolio Frontier (1972) (921)
On Market Timing and Investment Performance Part II: Statistical Procedures for Evaluating Forecasting Skills (2015) (729)
Dividend variability and variance bounds tests for the rationality of stock market prices (1984) (437)
A Conceptual Framework for Analyzing the Financial Environment (1998) (409)
Financial Innovation and the Management and Regulation of Financial Institutions (1995) (406)
On the Cost of Deposit Insurance When There Are Surveillance Costs (1978) (390)
Samuelson, Paul A. (2010) (380)
Macroeconomics and Finance: the Role of the Stock Market (1984) (374)
THEORY OF RISK CAPITAL IN FINANCIAL FIRMS (1993) (370)
Financial Innovation And Economic Performance (1992) (368)
Applications of Option-Pricing Theory: Twenty-Five Years Later (1997) (353)
An Asymptotic Theory of Growth Under Uncertainty (1975) (326)
On the pricing of contingent claims and the Modigliani-Miller theorem (1977) (294)
The Global Financial System: A Functional Perspective (1995) (234)
A Functional Perspective of Financial Intermediation (1995) (231)
New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability (2007) (221)
On Market Timing and Investment Performance Part I: An Equilibrium Theory of Value for Market Forecasts (2015) (209)
Defined Benefit Versus Defined Contribution Pension Plans: What are the Real Tradeoffs? (1985) (198)
Mark-To-Market Accounting For Banks And Thrifts - Lessons From The Danish Experience (1995) (196)
On the Management of Financial Guarantees (1992) (192)
On the Application of the Continuous-Time Theory of Finance to Financial Intermediation and Insurance (1989) (183)
On the Role of Social Security as a Means for Efficient Risk-Bearing in an Economy Where Human Capital is Not Tradeable (1981) (178)
Systemic Risk and the Refinancing Ratchet Effect (2009) (170)
Do a Firm's Equity Returns Reflect the Risk of its Pension Plan? (2004) (167)
The impact on option pricing of specification error in the underlying stock price returns (2011) (163)
The Returns and Risk of Alternative Call Option Portfolio Investment Strategies (1978) (156)
The financial system and economic performance (1990) (155)
On the current state of the stock market rationality hypothesis (1985) (152)
The Role of Contingent Claims Analysis in Corporate Finance (1985) (152)
A Complete Model of Warrant Pricing that Maximizes Utility (1969) (130)
THE RELATIONSHIP BETWEEN PUT AND CALL OPTION PRICES: COMMENT (1973) (111)
Deposit insurance reform: a functional approach* (1993) (109)
Theory of Finance from the Perspective of Continuous Time (1975) (108)
The crisis in retirement planning (2014) (106)
On the microeconomic theory of investment under uncertainty (1977) (99)
For the last time: stock options are an expense. (2003) (96)
Influence of mathematical models in finance on practice: past, present and future (1994) (94)
The Returns and Risks of Alternative Put-Option Portfolio Investment Strategies (1982) (91)
A New Framework for Analyzing and Managing Macrofinancial Risks of an Economy (2006) (88)
Pension Benefit Guarantees in the United States: A Functional Analysis (1993) (82)
Dividend Behavior for the Aggregate Stock Market (2015) (79)
Thoughts on the Future: Theory and Practice in Investment Management (2003) (73)
International Pension Swaps (2002) (71)
On Consumption-Indexed Public Pension Plans (1982) (69)
Financial Aspects of the United States Pension System: On the Role of Social Security as a Means for Efficient Risk Sharing in an Economy Where Human Capital Is Not Tradable (1983) (67)
An application of modern option pricing theory (1977) (66)
Fallacy of the Log-normal Approximation to Optimal Portfolio Decision-making Over Many Periods (2017) (63)
The Value of Implicit Guarantees (2012) (49)
Pension Plan Integration as Insurance Against Social Security Risk (1984) (46)
Trust in Lending (2018) (46)
A Model of Contract Guarantees for Credit-Sensitive, Opaque Financial Intermediaries' (1997) (40)
Future Possibilities in Finance Theory and Finance Practice (2002) (38)
Transparency, Risk Management and International Financial Fragility (2003) (38)
Cases in Financial Engineering: Applied Studies of Financial Innovation (1996) (38)
GENERALIZED MEAN‐VARIANCE TRADEOFFS FOR BEST PERTURBATION CORRECTIONS TO APPROXIMATE PORTFOLIO DECISIONS (1974) (36)
Capital market theory and the pricing of financial securities (1990) (35)
On a New Approach for Analyzing and Managing Macrofinancial Risks (corrected) (2013) (35)
Customers and Investors: A Framework for Understanding the Evolution of Financial Institutions (2018) (34)
Contingent Claims Approach to Measuring and Managing Sovereign Credit Risk (2007) (32)
Allocating Shareholder Capital to Pension Plans (2006) (31)
You have more capital than you think. (2005) (31)
INNOVATION RISK: HOW TO MAKE SMARTER DECISIONS (2013) (30)
Management of Risk Capital in Financial Firms (1993) (27)
Financial Infrastructure and Public Policy: A Functional Perspective (1998) (27)
THE RISK STRUCTURE OF INTEREST RATES (1973) (23)
Aggregate dividend behavior and its implications for tests of stock market rationality (1983) (21)
The Collected Scientific Papers of Paul A. Samuelson. (1975) (21)
Paul Samuelson and Financial Economics (2006) (20)
The Informational Role of Asset Prices: The Case of Implied Volatility (1995) (18)
Pension Reform and Privatization in International Perspective: The Case of Israel (1992) (17)
In Honor of Nobel Laureate, Franco Modigliani (1987) (15)
Analytical optimal control theory as applied to stochastic and non-stochastic economics. (1970) (15)
Time for Retirement ‘SeLFIES’? (2017) (14)
Continuous-time Stochastic Models (1989) (14)
Preface to the Annual Review of Financial Economics (2009) (11)
Customers and Investors: A Framework for Understanding Financial Institutions (2015) (10)
A Framework for the Economic Analysis of Deposit Insurance and Other Guarantees (1992) (9)
The Optimality of a Competitive Stock Market (2011) (9)
Funding retirement: Next generation design (2012) (9)
Continuous-time portfolio theory and the pricing of contingent claims (1976) (8)
A Proposal for Expensing Employee Compensatory Stock Options for Financial Reporting Purposes (2005) (8)
A GOLDEN GOLDEN‐RULE FOR WELFARE‐MAXIMIZATION IN AN ECONOMY WITH A VARYING POPULATION GROWTH RATE (1969) (8)
On the Efficient Design of the Reverse Mortgage: Structure, Marketing, and Funding (2016) (6)
Sovereign Default Risk and the U . S . Equity Market (2010) (6)
On an Efficient Design of Reverse Mortgages: A Possible Solution for Aging Asian Populations (2016) (6)
Measuring and Managing Macrofinancial Risk and Financial Stability: A New Framework (2019) (5)
The "Motionless" Motion of Swift's Flying Island (1966) (5)
On the Mathematics and Economic Assumptions of Continuous-time Models (2015) (5)
SeLFIES: A New Pension Bond and Currency for Retirement (2020) (4)
Financial Economics -2/E. (2008) (4)
The Impact of Derivative Markets on Asset Management and the Economy (2010) (4)
On the Management of Deposit Insurance and Other Guarantees (1992) (4)
The Real Problem with Pensions (2004) (4)
MIT Roundtable on Corporate Risk Management (2008) (3)
ADB's Distinguished Speakers Program Measuring the Connectedness of the Financial System: Implications for Risk Management (2014) (3)
The Derivatives Sourcebook (2006) (3)
Asset Management in Volatile Markets (2008) (3)
Pearson custom business resources : compiled by Financial economics, second edition (2012) (3)
SeLFIES for Portugal - An Innovative Pan European Retirement Solution (2019) (2)
Systemic Risk and the Renancing Ratchet Effect (2011) (2)
SeLFIES Can Help Brazil Create a SUPER Supplementary Pension (2020) (2)
No-Fault Default, Chapter 11 Bankruptcy, and Financial Institutions (2020) (2)
Corporate Dividend Dynamics at the Firm Level (1985) (2)
Transparency, Risk Management and International Fragility (2004) (2)
Reply to Benston and Kaufman (1993) (2)
INFLUENCE OF MATHEMATICAL MODELS IN FINANCE ON PRACTICE II . Mathematical Models in Practice : 1970 s and 1980 s (2005) (2)
Q Group Panel Discussion: Looking to the Future (2016) (1)
EARNINGS VARIABILITY AND VARIANCE BOUNDS TESTS FOR THE RATIONALITY OF STOCK MARKET PRICES by (1)
The Global Financial System Project (1999) (1)
The RAND Corporation Theory of Rational Option Pricing (2010) (1)
A Contingent Claims Analysis of the Subprime Credit Crisis of 2007–2008 (2019) (1)
An Interview with Nobel Laureate Robert C. Merton (2018) (1)
Public Pension Plans (1983) (1)
Disclose the Fair Value of Complex Securities (2009) (1)
The Global Financial Systems Project (1999) (0)
Smith Breeden Associates: The Equity Plus Fund (A) (1997) (0)
Savings and Loans and the Mortgage Markets (1997) (0)
Customers and Investors (2015) (0)
In Honor of Nobel Laureate (1987) (0)
Future Trends in Asset Management: Challenges and Observations (2008) (0)
SESSION TOPIC: OPTIONS (1977) (0)
An Asymptotic Theory of Growth under Uncertainty an Asymptotic Theory of Growth under Uncertainty (0)
A Look Back and a Way Forward (2021) (0)
Discussion: \The Value of Implicit Guarantees" (2013) (0)
ON THE MICROECONOMIC UNDER UNCERTAINTY (1982) (0)
Observations on Financial Modeling (2001) (0)
2 Real Options in Theory and Practice 2 . 1 (2019) (0)
Interview with Nobel Prize Laureate Robert C. Merton (2004) (0)
Nobel Laureate Panel Discussion: What Retirement Means to Me (2009) (0)
A Simple Way to Value Stock Options (2004) (0)
The RAND Corporation The Optimality of a Competitive Stock Market Author ( s ) : (2010) (0)
The Big idea Innovation Risk : How to Make Smarter Decisions (2013) (0)
Multi-Period Models:The Main Issues (2003) (0)
Made to Measure Is the Best Fit for Future Pensions (2006) (0)
SeLFIES for Portugal: An Innovative Pan European Retirement Solution (2019) (0)
SeLFIES: A-New(-ity) Look for Retirement (2020) (0)
Pioneering a world of options (2011) (0)
A Better Way to Motivate Staff (2003) (0)
ON THE M I C R O E C O N O M I C UNDER UNCERTAINTY* (2004) (0)
ON THE M I C R O E C O N O M I C UNDER UNCERTAINTY* (2004) (0)
Report on Ã¢â‚¬Å“The Committee on Yen Risk-free-rate Model EstimationÃ¢â‚¬Â (2007) (0)
Designing the Best Solution for Retirement (2020) (0)
An Analytic Derivation of the Cost of Deposit Insurance and Loan Guarantees: An Application of Modern Option Pricing Theory (2019) (0)
On the Pricing of Contingent Claims and the Modigliani–Miller Theorem (2019) (0)
On the Valuation of Performance Fees and Their Impact on Asset Managers’ Incentives (2020) (0)
Special Topics and Speakers: Financial Innovation Conference 2008 (2009) (0)
Speeches by Nobel Laureates (2001) (0)
Annual Review of Financial Economics, Volume 1 (2009) (0)
Harrington Financial Group (1997) (0)
Footnote Reporting Distorts Impact of Stock Options (2003) (0)
Options Should be Reflected in the Bottom Line (2002) (0)
Trust, Transparency, and Complexity (2021) (0)
Transparantie in pensioensector nog ver te zoeken (Adjusted Actuarial Cost Price Conflicts with Transparency Requirement) (2010) (0)

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