Working Paper | 1970

A Dynamic General Equilibrium Model of the Asset Market and Its Application to the Pricing of the Capital Structure of the Firm

by Robert C. Merton

Citation:

Merton, Robert C. "A Dynamic General Equilibrium Model of the Asset Market and Its Application to the Pricing of the Capital Structure of the Firm." Sloan School of Management Working Paper, No. 497-70, December 1970. (Chapter 11 in Continuous-Time Finance.)