… "Merton Miller does an excellent job in making a complex subject easily accessible to the
non-professional. He achieves this with common sense, economics, and wit. This book …

… MERTON The theory of portfolio selection in continuous-time has as its foundation two …
Finally, the alternative derivation provides a direct proof of the Modigliani-Miller theorem even …

… When we talked about the BlackScholes formula, Merton Miller … Merton's asset pricing
course, we learned that Merton Miller … talked about the Modigliani-Miller papers, but at that time …

… effects that dispersion of beliefs and short-sale constraints produce in the Merton framework.
We find strong support for Merton's [1987. A simple model of capital market equilibrium with …

… Merton Miller and several other supporters4 of the theory of the “irrelevance” theory of
dividend policy realise that the level of dividends that are paid by a certain corporation depends …

THE SOMEWHAT HETERODOX VIEWS about debt and taxes that will be presented here
have evolved over the last few years in the course of countless discussions with several of my …

… The option price in the Black-Scholes-Merton formula … , Sharpe, or Modigliani-Miller. The
precision of an estimate of the … reduced the original BlackScholes-Merton formula to model-T …

… The option price in the Black-Scholes-Merton formula depends on the current market value
… to the models of Markowitz, Sharpe, or ModiglianiMiller. The precision of an estimate of the …

… This essay demonstrates how Merton's admiration for markets provided … Merton Miller's
untiring efforts as a thesis supervisor and guide. And like others at their first meeting with Merton, I …

Some of these controversies can by now be regarded as settled. Our Proposition I, which
holds the value of a firm to be independent of its capital structure (its debt/equity ratio), is …