ACADEMIC POSITIONS EDUCATION

A LBERT H. C HOI

University of Virginia School of Law 580 Massie Road, Charlottesville, VA 22903-1789

(434) 924-4709 (phone); (434) 924-7536 (fax) albert.choi@virginia.edu

http://www.people.virginia.edu/~ahc4p

A

P

Professor, August 2008 – Present

Albert C. BeVier Research Professor, August 2011 – July 2014 and August 2015 – July 2018 Associate Professor, August 2005 – July 2008

Visiting Associate Professor, August 2004 – July 2005 Columbia Law School

Joseph F. Cunningham Visiting Professor of Commercial and Insurance Law and Fellow at the Center for Contract and Economic Organization, August 2015 – December 2015

Harvard Law School

Austin Wakeman Scott Visiting Professor, August 2009 – July 2010 Yale Law School

Visiting Professor, August 2008 – July 2009

University of Virginia, School of Arts and Sciences, Department of Economics Assistant Professor, August 2001 – July 2005

KDI School of Public Policy and Management, Seoul, Korea Adjunct Professor, May 2005 – April 2009

E

Ph.D. (Economics), Massachusetts Institute of Technology, September 2001 National Science Foundation Graduate Research Fellow

J.D., Yale Law School, May 2001

John M. Olin Fellow in Law and Economics, September 2000 – May 2001

John M. Olin Research Fellowship in Law and Economics, Summer 2000 & Summer 2001 John M. Olin Prize for the Best Paper in Law, Economics, and Public Policy, May 1999

B.A., magna cum laude (Economics and Mathematics, both with Honors), Pomona College, May 1994 Phi Beta Kappa

Senior Economics Award, May 1994

McVicar Research Fellowship, Summer 1993

Llewelyn Bixby Sophomore Mathematics Award, May 1992

R

T

I

Contract Law, Corporate Law, Mergers and Acquisitions, Corporate Finance, Corporate Tax, Tort Law, Litigation, Antitrust, Law and Economics

P

Non-Profit Status and Relational Sanctions: Commitment to Quality through Repeat Interactions and Organizational Status, forthcoming in Journal of Law and Economics

Contract’s Role in Relational Contract (with Scott Baker), Virginia Law Review, 101:3, 559 – 607, 2015 Should Consumers Be Permitted to Waive Products Liability? Product Safety, Private Contracts, and

Adverse Selection (with Kathy Spier), Journal of Law, Economics, and Organization 30:4, 734 – 766, 2014

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

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

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

(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, Journal of Industrial Economics 57:2, 252 – 264, 2009

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

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

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

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

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

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

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

W

P

Facilitating Mergers and Acquisitions with Earnouts and Purchase Price Adjustments, under revision for Journal of Law, Finance & Accounting

Promoting Long-Term Relationships through Costly Litigation (with Scott Baker) Controlling Shareholder’s Long-Term Commitment through Private Benefits of Control Class Action Waivers (with Kathy Spier)

Who Should Bear the Discovery Cost in Civil Litigation? An Economic Analysis of Requestor-Pays and Producer-Pays Rules

Multi-Stage Contracting in Complex Transactions (with George Triantis)

Shrink-Wraps: Who Should Bear the Cost of Communicating Mass-Market Contract Terms? (with Yeon- Koo Che)

The Parol Evidence Rule, Information Disclosure, and the Value of an Oral Promise, under revision for Journal of Law, Economics, and Organization

H

, A

G

McFarland Prize for Outstanding Faculty Scholarship, University of Virginia Law School, May 2010 Bankard Fund for Political Economy on Successor Liability, University of Virginia, July 2005 – June

2006

Bankard Fund for Political Economy on Lead Counsel Auctions, University of Virginia, July 2004 – June 2005

P

A

American Law and Economics Association, 2011 – 2014 Korean Law and Economics Association, 2013 – Present Associate Editor

American Law and Economics Review, 2013 – Present International Review of Law and Economics, 2012 – Present

Editorial Board

Asian Journal of Law and Economics, 2010 – Present Korean Journal of Law and Economics, 2006 – Present

Journal Referee

American Economic Review; American Law and Economics Review; Asian Journal of Law and Economics; Economic Inquiry; Economic Journal; Games and Economic Behavior; International Economic Journal; International Journal of Industrial Organization; International Review of Law and Economics; Journal of Economic Behavior and Organization; Journal of Industrial Economics;

Journal of Institutional and Theoretical Economics; Journal of Law, Economics, and Organization;

Journal of Law and Economics; Journal of Legal Studies; Korean Journal of Law and Economics;

Management Science; RAND Journal of Economics; Review of Economic Studies; Review of Law and Economics; Virginia Social Science Journal

Grant Review

Research Grants Council of Hong Kong Book Review

Princeton University Press

I

C

S

P

International Society for New Institutional Economics (ISNIE) Conference, Harvard Law School, June 2015

American Law and Economics Association Annual Conference, Columbia Law School, May 2015 Penn Corporate Roundtable, University of Pennsylvania Law School, May 2015

Weil, Gotshal & Manges Corporate Law Roundtable, Yale Law School, March 2015 NYU/Penn Law and Finance Conference, NYU Law School, February 2015

Law and Economics Workshop, University of Toronto Law School, February 2015 Penn Corporate Roundtable, University of Pennsylvania Law School, December 2014

Seminar, Division of Research and Statistics, Federal Reserve Board, Washington DC, December 2014 National Business Law Scholars Conference, Loyola Law School, Los Angeles, CA, June 2014

Law and Economics Workshop, University of Haifa Law School, June 2014 Law and Economics Workshop, Tel Aviv University Law School, June 2014

American Law and Economics Association Annual Conference, University of Chicago Law School, May 2014

Penn Corporate Roundtable, University of Pennsylvania Law School, May 2014

Negotiation and Conflict Resolution Colloquium, University of California at Los Angeles Law School, March 2014

Law and Economics Workshop, University of California at Los Angeles Law School, March 2014 Penn/NYU Law and Finance Conference, University of Pennsylvania Law School, February 2014 Law and Economics Workshop, University of Chicago Law School, January 2014

The First Korean-American Scholars’ Conference, Seoul National University Law School, December 2013

Theoretical Law and Economics Conference, Vanderbilt University Law School, December 2013 Organizational Economics Workshop, Massachusetts Institute of Technology, October 2013

Annual Reputation Symposium, Center for Corporate Reputation, Oxford University, September 2013 American Law and Economics Association Annual Conference, Vanderbilt University Law School, May

2013

Penn Corporate Roundtable, University of Pennsylvania Law School, April 2013 Faculty Workshop, Washington University in St. Louis Law School, April 2013

Law and Economics Workshop, University of California at Berkeley Law School, March 2013 NBER Mid-year Law and Economics Meeting, March 2013

NYU/Penn Law and Finance Conference, NYU Law School, February 2013

Penn Corporate Roundtable, University of Pennsylvania Law School, December 2012 Theoretical Law and Economics Conference, Yale Law School, December 2012

Law and Economics Workshop, University of Southern California Law School, September 2012 American Law and Economics Association Annual Conference, Stanford Law School, May 2012 Conference on Contractual Innovation, NYU Law School, May 2012

Law and Economics Workshop, Columbia Law School, March 2012

Penn/NYU Law and Finance Conference, University of Pennsylvania Law School, February 2012 Law and Economics Workshop, University of Texas Law School, November 2011

Theoretical Law and Economics Conference, Washington University in St. Louis Law School, November 2011

Faculty Workshop, Department of Economics, Seoul National University, July 2011 Faculty Workshop, Department of Economics, Korea University, July 2011

Faculty Workshop, Department of Economics, Yonsei University, June 2011

American Law and Economics Association Annual Conference, Columbia Law School, May 2011 Weil, Gotshal & Manges Corporate Law Roundtable, Yale Law School, April 2011

NBER Mid-year Law and Economics Meeting, March 2011 Law and Economics Workshop, Harvard Law School, March 2011

NYU/Penn Law and Finance Conference, NYU Law School, February 2011

Penn Corporate Roundtable, University of Pennsylvania Law School, December 2010 Conference on Empirical Legal Studies, Yale Law School, November 2010

American Law and Economics Association Annual Conference, Princeton University Woodrow Wilson School, May 2010

Weil, Gotshal & Manges Corporate Law Roundtable, Yale Law School, March 2010 Law, Economics and Organizations Workshop, Harvard Law School, March 2010 NBER Mid-year Law and Economics Meeting, March 2010

Faculty Workshop, Harvard Law School, March 2010

Anton Philips Fund Corporate Law and Finance Symposium, Tilburg University, February 2010 Faculty Workshop, Department of Economics, Suffolk University, December 2009

Faculty Workshop, Northeastern Law School, November 2009

The Tenth Annual Law and Business Conference, Vanderbilt Law School, November 2009 NBER Summer Institute Workshop on Law and Economics, July 2009

Asian Law and Economics Association Annual Conference, Kyunghee University, June 2009 Frontiers in the Economic Analysis of Contract Law Conference, University of Bonn, June 2009

American Law and Economics Association Annual Conference, University of San Diego Law School, May 2009

Law and Economics Colloquium, Northwestern University Law School, April 2009 Faculty Seminar, Yale Law School, February 2009

Legal and Political Perspectives on Administrative Law and Governance, University of Virginia Law School, November 2008

Business Law and Innovation Conference, Columbia Law School, October 2008

American Law and Economics Association Annual Conference, Columbia Law School, May 2008 Weil, Gotshal & Manges Corporate Law Roundtable, Yale Law School, April 2008

Law, Business and Economics Workshop, University of Texas Law School, April 2008 Law and Economics Workshop, University of Michigan Law School, February 2008 Faculty Seminar, Fordham Law School, January 2008

Faculty Seminar, Department of Risk Management and Insurance, Georgia State University Business School, Atlanta, Georgia, September 2007

Korean Law and Economics Association Monthly Meeting, Seoul, Korea, June 2007 Korean Econometric Society Meeting, Sungkyunkwan University, Seoul, Korea, June 2007 Faculty Seminar, Department of Economics, Sungkyunkwan University, Seoul, Korea, June 2007 American Law and Economics Association Annual Conference, Harvard Law School, May 2007

Weil, Gotshal & Manges Corporate Law Roundtable, Yale Law School, May 2007 Triangle Law and Economics Conference, Duke Law School, April 2007

Law and Economics Faculty Seminar, University of Pennsylvania Law School, March 2007 Law and Economics Colloquium, New York University Law School, March 2007

NBER Mid-year Law and Economics Meeting, March 2007

Law and Economics Workshop on Contract and Economic Organization, Columbia Law School, February 2007

Conference on Odious Debts and State Corruption, Duke Law School, January 2007 Law and Economics Faculty Seminar, Harvard Law School, November 2006

Law and Economics Faculty Seminar, University of Chicago Law School, October 2006 European Association of Law and Economics Annual Conference, September 2006

NBER Summer Institute Workshops on Law and Economics and Corporate Governance, July 2006 Current Research on Medical Malpractice Litigation Conference, University of Chicago Law School,

May 2006

American Law and Economics Association Annual Conference, UC Berkeley Law School, May 2006 Law and Economics of Contracts Conference, Columbia Law School, April 2006

Law and Economics Workshop, Georgetown Law School, March 2006

Law and Economics of Organizations Conference, University of Virginia Law School, February 2006 Law and Economics Workshop, University of Toronto Law School, October 2005

Law, Economics, and Organization Faculty Seminar, Yale Law School, October 2005 Korean Law and Economics Association Meeting, Seoul National University, July 2005 Asian Law and Economics Association Annual Meeting, Seoul National University, June 2005

American Law and Economics Association Annual Conference, New York University Law School, May 2005

Law and Economics Faculty Seminar, Columbia Law School, February 2005 Faculty Seminar, Duke Law School, January 2005

Southern Economic Association Annual Conference, New Orleans, November 2004 Faculty Seminar, Northwestern University Law School, November 2004

Faculty Research Seminar, University of Virginia Law School, October 2004

Real Options and the Law Conference, University of Virginia Law School, October 2004

Governance of Not-for-Profit Organizations Conference, Federal Reserve Bank of New York, September 2004

NBER Summer Institute Workshop on Law and Economics, July 2004

Seminar, KDI School of Public Policy and Management, Seoul, Korea, July 2004

Econometric Society Far Eastern Summer Meeting, Yonsei University, Seoul, Korea, July 2004 American Law and Economics Association Annual Conference, Northwestern University, May 2004 Empirical Research in Corporate Bankruptcy and Securities Law Conference, University of Virginia Law

School, February 2004

Faculty Seminar and Guest Lecture, Department of Economics, Sungkyunkwan University, Seoul, Korea, November 2003

American Law and Economics Association Annual Conference, University of Toronto, September 2003 Econometric Society North American Summer Meeting, Kellogg School of Management, Northwestern

University, June 2003

NBER Conference on Corporate Governance, May 2003

Law and Economics Workshop, University of Virginia Law School, November 2002 Seminar, United States Department of Justice, Antitrust Division, October 2002

Law and Economics of Contracts Conference, University of Virginia Law School, September 2002 American Law and Economics Association Annual Conference, Harvard Law School, May 2002

Mechanism Design and the Law Conference, University of Southern California Law School, February 2002

I

S

Dillard Scholars Program Committee: Member, Fall 2014 – Present

Law and Economics Program Committee: Member, Fall 2010 – Spring 2014; Chair, Fall 2014 – Present

Graduate Program Committee: Member, Fall 2011 – Spring 2014 Tenure Sub-Committee: Chair, Fall 2013

Law and Business Program Director Hiring Committee: Chair, Fall 2013 Faculty Retreat and Workshop Committee: Member, Fall 2011 – Spring 2012 Admissions Director Hiring Committee: Member, Fall 2010

JD/MA in Economics Program: Director, August 2005 – July 2008

Graduation Writing Awards Committee: Member, Spring 2005 – Spring 2008

Foreign Relations Committee: Member, March 2007 – May 2008, Fall 2010 – Spring 2011 Entry-level Appointments Committee: Member, August 2006 – May 2007

John M. Olin Program in Law and Economics: Director, August 2007 – July 2008; Co-Director, August 2006 – July 2007; Associate Director, August 2005 – July 2006

University of Virginia, School of Arts and Sciences, Department of Economics Distinguished Majors Committee: Member, August 2001 – May 2004

T

E

Contracts, Fall 2005 – Fall 2014 Corporate Tax, Spring 2010

Corporate Finance, Fall 2005, Spring 2010, Spring 2012 Corporations, Spring 2016

Legal Issues in Corporate Finance, Spring 2004 – Spring 2015 Mergers and Acquisitions, Spring 2014, Spring 2015, Spring 2016

Organizational Structures in Law and Business Seminar (with George Triantis), Fall 2003

Columbia Law School

Corporate Finance, Fall 2015

Contracts, Fall 2009

Legal Issues in Corporate Finance, Spring 2010

Economic Analysis of Contract Law Seminar, Spring 2010 Yale Law School

Legal Issues in Corporate Finance, Fall 2008 Corporate Taxation, Spring 2009

University of Virginia, Department of Economics

Law and Economics, Undergraduate, Fall 2001 – Fall 2003 Corporate Finance, Undergraduate, Spring 2002 – Spring 2004 Seoul National University School of Law

US Contract Law, Summer 2010, Summer 2015

Fordham-SKKU Summer Institute in International Law International Business Transactions, Summer 2009 KDI School of Public Policy and Management

Law and Economics, Summer 2005

Legal Issues in Corporate Finance, Summer 2007

O

E

Summer Associate, Simpson Thacher & Bartlett, New York, NY, June –August 1999 Summer Associate, Munger Tolles & Olson, Los Angeles, CA, June –August 1998 Summer Associate, Kim & Chang, Seoul, Korea, August 1997

Summer Associate, Department of Justice, Antitrust Division, Washington, DC, June – July 1997 Analyst, Analysis Group Economics, Cambridge, MA, June – August 1995