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Choi, Albert H.

Professor of Law

3210 Jeffries Hall
734.763.5187
E-mail alchoi@umich.edu

Albert H. Choi is a professor of law. His research and teaching interests include corporate law, contract law, corporate finance, mergers and acquisitions, and law and economics. He earned his JD from Yale Law School and his PhD in economics from the Massachusetts Institute of Technology. While at Yale, he was an Olin Fellow in Law and Economics 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.

From 2001 through 2005, Choi was an assistant professor of economics at the University of Virginia, and from 2005 through 2019, he was an associate professor and then professor at the University of Virginia Law School. He also was a visiting professor at Yale Law School in 2008-2009, the Austin Wakeman Scott Visiting Professor at Harvard Law School in 2009-2010, the Joseph F. Cunningham Visiting Professor of Law at Columbia Law School in fall 2015, and a visiting professor at University of Pennsylvania Law School in 2017-2018.

From 2011 to 2014, he served as a director of the American Law and Economics Association. He currently is co-editor at the American Law and Economics Review. His research is published at many top economics and law journals, including the American Economic Review, Journal of Industrial Economics, Yale Law Journal, NYU Law Review, Virginia Law Review, Journal of Law, Economics, and Organization, Journal of Legal Studies, and Journal of Law and Economics.

Visit Professor Choi's website for more information.

Recent Publications

More Publications...


Relationship-Specific Investment, Asymmetric Information, and the Role of Good Faith Obligations. George Triantis, co-author. Virginia Law Economics Research Paper No. 2019-02. Working Paper.
Full Text: SSRN

Class Actions and Private Antitrust Litigation. Kathryn E. Spier, co-author. Virginia Law and Economics Research Paper No. 2019-01; Virginia Public Law and Legal Theory Research Paper No. 2019-05. Working Paper.
Full Text: SSRN

"Golden Parachutes and the Limits of Shareholder Voting" Andrew Lund and Rob Schonlau, co-authors. Vand. L. Rev. (Forthcoming, 2020).
Full Text: SSRN

"Designing and Enforcing Preliminary Agreements." George Triantis, co-author. Tex. L. Rev. (Forthcoming, 2020).
Full Text: SSRN

"Crisis-Driven Tax Law: The Case of Section 382." Quinn Curtis and Andrew Hayashi, co-authors. Fla. Tax Rev. (Forthcoming, 2019).
Full Text: SSRN

"Taking a Financial Position in Your Opponent in Litigation." Kathy Spier, co-author.  Am. Econ. Rev. 108, no. 12 (2018): 3626-50. (Work published when author not on Michigan Law faculty.)
Full Text: SSRN | WWW

"Reputation and Litigation: Why Costly Legal Sanctions Can Work Better than Reputational Sanctions." Scott Baker, co-author.  J. Legal Stud. 47, no. 1 (2018): 45-82. (Work published when author not on Michigan Law faculty.)
Full Text: Lexis | Westlaw | SSRN | WWW

"Fee-Shifting and Shareholder Litigation." Va. L. Rev. 104, no. 1 (2018): 59-111. (Work published when author not on Michigan Law faculty.)
Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw | SSRN | WWW

"Contractarian Theory and Unilateral Bylaw Amendments." Geeyoung Min, co-author. Iowa L. Rev. 104, no. 1 (2018): 1-44. (Work published when author not on Michigan Law faculty.)
Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw | SSRN | WWW

"Concentrated Ownership and Long-Term Shareholder Value." Harv. Bus. L. Rev. 8 (2018): 53-99. (Work published when author not on Michigan Law faculty.)
Full Text: HEIN (UMich users) | HEIN | Lexis | Weslaw | SSRN | WWW

"Appraising the 'Merger Price' Appraisal Rule." Eric Talley, co-author. J.L. Econ. & Org. 34, no. 4 (2018): 543-78. (Work published when author not on Michigan Law faculty.)
Full Text: Lexis | Oxford Journals (UMich users) | Oxford Journals | SSRN

"Facilitating Mergers and Acquisitions with Earnouts and Purchase Price Adjustments." J.L. Fin. & Acct. 2, no. 1 (2017): 1-47. (Work published when author not on Michigan Law faculty.)
Full Text: SSRN | WWW

"Comment on Wrongful Convictions, Deterrence, and Stigma Dilution." Sup. Ct. Econ. Rev. 25, no. 1 (2017): 217-22. (Work published when author not on Michigan Law faculty.)
Full Text: Lexis | Westlaw | WWW

"Addressing Informational Challenges with Earnouts in Mergers and Acquisitions." In Research Handbook on Mergers and Acquisitions, edited by Steven Davidoff Solomon and Claire A. Hill, 154-80. Research Handbooks in Corporate Law and Governance. Cheltenham, UK: Edward Elgar Publishing, 2016. (Work published when author not on Michigan Law faculty.)
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