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Continuous-Time Finance

Continuous-Time Finance
Author: Robert C. Merton
ISBN 13: 9780631185086
ISBN 10: 631185089
Edition: Reprint
Publisher: Wiley-Blackwell
Publication Date: 1992-11-03
Format: Paperback
Pages: 754
List Price: $89.95

Robert C. Merton's widely-used text provides an overview and synthesis of finance theory from the perspective of continuous-time analysis. It covers individual financial choice, corporate finance, financial intermediation, capital markets, and selected topics on the interface between private and public finance. For this revised edition a new section on managing university endowments has been added.

The book begins with a foreword by Paul Samuelson.

Review of Financial Studies - Suresh Sundaresan

John Maynard Keynes alludes to economics in the following terms ...'the delightful paths of our own most agreeable branch of moral sciences, in which theory and fact, intuitive imagination and practical judgment, are blended in a manner comfortable to the human intellect.' Robert C. Merton's Continuous Time Finance, which comes to us more than 20 years after his first paper appeared, squarely fits this description.