= The Pricing of Options and Corporate Liabilities by Fischer Black and Myron Scholes
{c}
{tag=Work by Fischer Black}
{tag=Work by Myron Scholes}
{title2=1973}
{title2=10.1086/260062}
By <Fischer Black>, <Myron Scholes>. Journal of Political Economy 81(3), pages 637–654, May–June 1973.
Publisher: https://www.journals.uchicago.edu/doi/10.1086/260062
Original paper: https://finance.martinsewell.com/option-pricing/BlackScholes1973.pdf
Develops the option-replication argument and the <Black-Scholes model> pricing equation.
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