Albert H. Choi

Visiting Professor of Law

University of Pennsylvania Law School


Professor and Albert C. BeVier Research Professor of Law

University of Virginia Law School

Contact Information

2017-2018 Academic Year

University of Pennsylvania School of Law
3501 Sansom Street
Philadelphia, PA 19104-6204

(215) 898-9497 (faculty support)


University of Virginia School of Law
580 Massie Road
Charlottesville, VA 22903-1738

(434) 924-4709 (direct)
(434) 924-7536 (fax)
(434) 924-4710 (assistant Donna-Maria Green)


Curriculum Vitae (pdf) (MS word)

Virginia Journal Scholarship Profile (pdf)


Reputation and Litigation: Why Costly Legal Sanctions Can Work Better than Reputational Sanctions (pdf) (with Scott Baker), forthcoming in Journal of Legal Studies

Concentrated Ownership and Long-Term Shareholder Value (pdf), forthcoming in Harvard Business Law Review

Fee-Shifting and Shareholder Litigation (pdf), forthcoming in Virginia Law Review

Facilitating Mergers and Acquisitions with Earnouts and Purchase Price Adjustments (pdf), 2:1 Journal of Law, Finance, and Accounting 1 – 47 (2017)

Addressing Informational Challenges with Earnouts in Mergers and Acquisitions (pdf), in Claire Hill & Steven Davidoff Solomon, eds., Research Handbook on Mergers and Acquisitions (Edward Elgar Press, 2016)

Non-Profit Status and Relational Sanctions: Commitment to Quality through Repeat Interactions and Organizational Choice (pdf), 58:4 Journal of Law and Economics 969 – 993 (2015)

Contract’s Role in Relational Contract (pdf) (with Scott Baker), 101:3 Virginia Law Review 559 – 607 (2015)

Should Consumers Be Permitted to Waive Products Liability? Product Safety, Private Contracts, and Adverse Selection (pdf) (with Kathy Spier), 30:4 Journal of Law, Economics, and Organization 734 – 766 (2014)

Market Conditions and Contract Design: Variations in Debt Contracting (pdf) (with George Triantis), 88:1 New York University Law Review 51 – 82 (2013)

The Effect of Bargaining Power on Contract Design (pdf) (with George Triantis), 98:8 Virginia Law Review 1665 – 1744 (2012)

Strategic Vagueness in Contract Design: The Case of Corporate Acquisitions (pdf), (with George Triantis), 119:5 Yale Law Journal 848 – 924 (2010)

A Rent Extraction Theory of Right of First Refusal (pdf), 57:2 Journal of Industrial Economics 252 – 264 (2009)

Completing Contracts in the Shadow of Costly Verification (pdf) (with George Triantis), 37:2 Journal of Legal Studies 503 – 534 (2008)

Optimal Agency Contracts: The Effect of Vicarious Liability and Judicial Error (pdf) (with Juan Carlos Bisso), 28:3 International Review of Law and Economics 166 – 174 (2008)

A Critique of the Odious Debt Doctrine (pdf) (with Eric Posner), 70:3 Law and Contemporary Problems 33 – 51 (2007)

Successor Liability and Asymmetric Information (pdf), 9:2 American Law and Economics Review 408 – 434 (2007)

Should Plaintiffs Win What Defendants Lose? Litigation Stakes, Litigation Effort, and the Benefits of Decoupling (pdf) (with Chris Sanchirico), 33:2 Journal of Legal Studies 323 – 354 (2004)

Golden Parachute as a Compensation Shifting Mechanism (pdf), 20:1 Journal of Law, Economics, and Organization 170 – 191 (2004)

Allocating Settlement Authority under a Contingent Fee Arrangement (pdf), 23:2 Journal of Legal Studies 585 – 610 (2003)

Works in Progress (tentatively titled)

Amending Corporate Charters and Bylaws (pdf) (with Geeyoung Min), posted in August 2017

Taking a Financial Position in Your Opponent in Litigation (pdf) (with Kathy Spier), updated in September 2017

The Design of Staged Contracting (pdf) (with George Triantis), updated in November 2017

Appraising the “Merger Price” Appraisal Rule (pdf) (with Eric Talley), updated in November 2017

Research Network Websites

SSRN Author's Page

SSRN UVA Law and Economics Research Papers


Law and Economics Associations

American Law and Economics Association

Asian Law and Economics Association

Canadian Law and Economics Association

European Association of Law and Economics

Korean Law and Economics Association

Midwestern Law and Economics Association

Society for Empirical Legal Studies

Society for Institutional and Organizational Economics

Law and Economics Journals

American Law and Economics Review

Asian Journal of Law and Economics

International Review of Law and Economics

Journal of Empirical Legal Studies

Journal of Institutional and Theoretical Economics

Journal of Law and Economics

Journal of Law, Economics, and Organization

Journal of Law, Finance, and Accounting

Journal of Legal Studies

Review of Law and Economics

Supreme Court Economic Review

UVA Links

UVA Law School Faculty Bio Page

UVA Law School

UVA Department of Economics