Albert Choi

  • 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 and was the Austin Wakeman Scott Visiting Professor at Harvard Law School in 2009-10. 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)

Education

  • J.D.
    Yale Law School
    2001
  • Ph.D.
    Massachusetts Institute of Technology
    2001
  • B.A.
    Pomona College
    1994

"Appraising the 'Merger Price' Appraisal Rule" (with Eric L. Talley)
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"Optimal Fee-Shifting Bylaws," Va. L. Rev. (forthcoming).
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“Concentrated Ownership and Long-Term Shareholder Value,” Harv. Bus. L. Rev. (forthcoming)
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"Embedding Costly Litigation into Repeat Interactions” (with Scott Baker).
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"Taking a Financial Position in Your Opponent in Litigation" (with Kathryn E. Spier).
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Facilitating Mergers and Acquisitions with Earnouts and Purchase Price Adjustments,” J.L. Fin. & Acct. (forthcoming).
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Addressing Informational Challenges with Earnouts in Mergers and Acquisitions” in Claire Hill & Steven Davidoff Solomon, eds., Research Handbook on Mergers and Acquisitions (Edward Elgar Press, 2016).
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"Non-Profit Status and Relational Sanctions: Commitment to Quality through Repeat Interactions and Organizational Choice," 58 J.L. & Econ. 969 (2015).
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"Contract’s Role in Relational Contract” (with Scott Baker) 101 Va. L. Rev. 559 (2015).
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"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).
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"Market Conditions and Contract Design: Variations in Debt Covenants and Collateral" (with George Triantis) 88 N.Y.U. L. Rev. 51 (2013) 
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"The Effect of Bargaining Power on Contract Design" (with George Triantis) 98 Va. L. Rev.1665 (2012).
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"Strategic Vagueness in Contract Design: The Case of Corporate Acquisitions" (with George Triantis), 119 Yale L.J. 848 (2010).
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(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).
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"Completing Contracts in the Shadow of Costly Verification" (with George Triantis), 37 J. Legal Stud. 503 (2008).
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"Optimal Agency Contracts: The Effect of Vicarious Liability and Judicial Error" (with Juan Carlos Bisso), 28 Int’l Rev. Law & Econ. 166 (2008).
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"A Critique of the Odious Debt Doctrine” (with Eric Posner), 70 Law & Contemp. Probs. 33 (2007). 
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“Successor Liability and Asymmetric Information” 9 Am. L. & Econ. Rev. 408 (2007).
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"Should Plaintiffs Win What Defendants Lose? Litigation Stakes, Litigation Effort, and the Benefits of Decoupling" (with Chris Sanchirico), 33 J. Legal Stud. 323 (2004).
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"Golden Parachute as a Compensation Shifting Mechanism," 20 J. L. Econ. & Org. 170 (2004).
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"Allocating Settlement Authority under a Contingent Fee Arrangement," 32 J. Legal Stud.585 (2003).
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