- Albert C. BeVier Research Professor of Law
Albert Choi joined the Law School as an associate professor of law and associate director of the John M. Olin Program in Law and Economics in 2005, after teaching as an assistant professor in the University's Department of Economics. His research and teaching interests include law and economics, contract theory, corporate law, corporate finance and organization. He earned his J.D. from Yale Law School in May 2001 and his Ph.D. in economics from the Massachusetts Institute of Technology in September of that same year.
While at Yale, he was an Olin Fellow in Law and Economics in 2000-01 and earned John M. Olin Research Fellowships in the summers of 2000 and 2001. At MIT, he was a National Science Foundation's Graduate Research Fellow.
Choi was a visiting professor at Yale Law School in 2008-09, the Austin Wakeman Scott Visiting Professor at Harvard Law School in 2009-10, the Joseph F. Cunningham Visiting Professor of Commercial and Insurance Law at Columbia Law School in 2015, and a visiting professor at University of Pennsylvania Law School in 2017-18.
From 2011 to 2014, he served as a director on the American Law and Economics Association’s board. He is co-editor at the American Law and Economics Review and associate editor of the International Review of Law and Economics.
Scholarship Profile: Bridging Theory and Practice in Complex Contracting (Virginia Journal 2014)
- J.D.Yale Law School2001
- Ph.D.Massachusetts Institute of Technology2001
- B.A.Pomona College1994
Works in Progress:
"Taxes and Mergers: Evidence from Banks During the Financial Crisis"( with Quinn Curtis and Andrew T. Hayashi).
“The Design of Staged Contracting” (with George G. Triantis).
“Taking a Financial Position in Your Opponent in Litigation” (with Kathryn E. Spier), Am. Econ. Rev. (forthcoming).
"Director Activism and Corporate Contract: The Case of Unilateral Bylaw Amendments" (with Geeyoung Min), Iowa L. Rev. (forthcoming).
"Appraising the 'Merger Price' Appraisal Rule" (with Eric L. Talley), J.L.Eon.&Org. (forthcoming).
"Fee-Shifting and Shareholder Litigation," 104 Va. L. Rev. 59 (2018).
“Concentrated Ownership and Long-Term Shareholder Value,” Harv. Bus. L. Rev. (forthcoming).
"Reputation and Litigation: Why Costly Legal Sanctions Can Work Better than Reputational Sanctions" (with Scott Baker), J. Legal Stud. (forthcoming).
"Facilitating Mergers and Acquisitions with Earnouts and Purchase Price Adjustments,” 2 J.L. Fin. & Acct. 1 (2017).
“Addressing Informational Challenges with Earnouts in Mergers and Acquisitions,” in Claire A. Hill & Steve Davidoff Solomon, eds., Research Handbook on Mergers and Acquisitions 154 (Elgar, 2016).
"Non-Profit Status and Relational Sanctions: Commitment to Quality through Repeat Interactions and Organizational Choice," 58 J.L. & Econ. 969 (2015).
SSRN | PDF | HeinOnline (PDF) | Supplemental Material
"Should Consumers Be Permitted to Waive Products Liability? Product Safety, Private Contracts, and Adverse Selection" (with Kathy Spier) 30 J. L. Econ. & Org. 734 (2014).
"Strategic Vagueness in Contract Design: The Case of Corporate Acquisitions" (with George Triantis), 119 Yale L.J. 848 (2010).
SSRN | HeinOnline (PDF)
(Selected by the Corporate Practice Commentator as one of the Top 10 Corporate and Securities Articles of 2010).
"A Rent Extraction Theory of Right of First Refusal" 57 J. of Indus. Econ. 252 (2009).
"Completing Contracts in the Shadow of Costly Verification" (with George Triantis), 37 J. Legal Stud. 503 (2008).
"Optimal Agency Contracts: The Effect of Vicarious Liability and Judicial Error" (with Juan Carlos Bisso), 28 Int’l Rev. Law & Econ. 166 (2008).
“Successor Liability and Asymmetric Information” 9 Am. L. & Econ. Rev. 408 (2007).
"Golden Parachute as a Compensation Shifting Mechanism," 20 J. L. Econ. & Org. 170 (2004).