"An Asymptotic Theory of Growth Under Uncertainty."

Merton, Robert C. Review of Economic Studies Vol. 42, No. 3 (1975): 375-393.

"Fallacy of the Log-Normal Approximation to Optimal Portfolio Decision Making over Many Periods."

Merton, Robert C. and Paul A. Samuelson. Journal of Financial Economics Vol. 1, No. 1 (1974): 67-94.

"On the Pricing of Corporate Debt: The Risk Structure of Interest Rates."

Merton, Robert C. Journal of Finance Vol. 29, No. 2 (1974): 449-470.

"The Optimality of a Competitive Stock Market."

Merton, Robert C. and Marti G. Subrahmanyam. Bell Journal of Economics and Management Science Vol. 5, No. 1 (1974): 145-170.

"Generalized Mean-Variance Tradeoffs for Best Perturbation Corrections to Approximate Portfolio Decisions."

Samuelson, Paul A. and Robert C. Merton. Journal of Finance Vol. 29, No. 1 (1974): 27-40.

"An Intertemporal Capital Asset Pricing Model."

Merton, Robert C. Econometrica Vol. 41, No. 5 (1973): 867-887.