Albert H. Choi

University of Virginia School of Law

580 Massie Road

Charlottesville, VA 22903

United States

SCHOLARLY PAPERS

30

DOWNLOADS
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18,255

CITATIONS
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Top 10,308

in Total Papers Citations

41

Scholarly Papers (30)

1.

Concentrated Ownership and Long-Term Shareholder Value

8:1 Harvard Business Law Review 53 (2018), Virginia Law and Economics Research Paper No. 19
Number of pages: 48 Posted: 17 Jun 2015 Last Revised: 14 Aug 2018
Albert H. Choi
University of Virginia School of Law
Downloads 1,571 (10,073)

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Controlling Shareholder, Private Benefits of Control, Dual Class Stock, Control Sale, Freezeout

2.

Facilitating Mergers and Acquisitions with Earnouts and Purchase Price Adjustments

2 Journal of Law, Finance & Accounting 1 (2017)
Number of pages: 42 Posted: 01 Jul 2014 Last Revised: 27 Jun 2018
Albert H. Choi
University of Virginia School of Law
Downloads 1,429 (11,730)

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3.

Strategic Vagueness in Contract Design: The Case of Corporate Acquisitions

Yale Law Journal, Vol. 119, 2010, Virginia Law and Economics Research Paper No. 2009-16
Number of pages: 77 Posted: 04 Apr 2009 Last Revised: 31 Mar 2010
Albert H. Choi and George G. Triantis
University of Virginia School of Law and Stanford Law School
Downloads 1,310 (13,474)
Citation 1

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contract design, mergers and acquisitions, options, litigation

4.

Appraising the 'Merger Price' Appraisal Rule

Journal of Law, Economics & Organization (vol 35) (2019 Forthcoming)
Number of pages: 36 Posted: 22 Dec 2016 Last Revised: 07 Jun 2018
Albert H. Choi and Eric L. Talley
University of Virginia School of Law and Columbia University - School of Law
Downloads 973 (21,171)

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Mergers and Acquisitions, Appraisal, Fair Value, Merger Price Appraisal

Golden Parachute as a Compensation Shifting Mechanism

Number of pages: 24 Posted: 27 Jul 2002
Albert H. Choi
University of Virginia School of Law
Downloads 941 (21,877)
Citation 3

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Golden Parachute as a Compensation Shifting Mechanism

The Journal of Law, Economics, and Organization, Vol. 20, No. 1, pp. 170-191, 2004
Posted: 19 Nov 2003
Albert H. Choi
University of Virginia School of Law

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Golden Parachute as a Compensation-Shifting Mechanism

The Journal of Law, Economics, and Organization, Vol. 20, Issue 1, pp. 170-191, 2004
Posted: 29 Feb 2008
Albert H. Choi
University of Virginia School of Law

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6.
Downloads 893 ( 23,980)
Citation 4

A Rent Extraction Theory of Right of First Refusal

Number of pages: 15 Posted: 22 Dec 2006
Albert H. Choi
University of Virginia School of Law
Downloads 892 (23,619)
Citation 4

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A Rent Extraction Theory of Right of First Refusal

The Journal of Industrial Economics, Vol. 57, Issue 2, pp. 252-262, June 2009
Number of pages: 13 Posted: 20 May 2009
Albert H. Choi
University of Virginia School of Law
Downloads 1 (645,603)
Citation 4
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7.

The Effect of Bargaining Power on Contract Design

Virginia Law Review 98:8, 1665–1744, 2012, Stanford Law and Economics Olin Working Paper No. 421, Virginia Law and Economics Research Paper No. 2012-04
Number of pages: 80 Posted: 25 Feb 2012 Last Revised: 14 Jan 2013
Albert H. Choi and George G. Triantis
University of Virginia School of Law and Stanford Law School
Downloads 866 (25,069)

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Contracts, Negotiation, Bargaining Power

8.

Should Consumers Be Permitted to Waive Products Liability? Product Safety, Private Contracts, and Adverse Selection

Virginia Law and Economics Research Paper No. 2010-11, Harvard Law and Economics Discussion Paper No. 680
Number of pages: 42 Posted: 23 Sep 2010 Last Revised: 31 Mar 2015
Albert H. Choi and Kathryn E. Spier
University of Virginia School of Law and Harvard University - Law School - Faculty
Downloads 844 (26,017)
Citation 2

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9.

Taking a Financial Position in Your Opponent in Litigation

American Economic Review, Forthcoming
Number of pages: 39 Posted: 17 Feb 2016 Last Revised: 27 Jun 2018
Albert H. Choi and Kathryn E. Spier
University of Virginia School of Law and Harvard University - Law School - Faculty
Downloads 817 (27,292)

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10.

Contractarian Theory and Unilateral Bylaw Amendments

104 Iowa Law Review 1 (2018), U of Penn, Inst for Law & Econ Research Paper No. 17-37
Number of pages: 44 Posted: 29 Aug 2017 Last Revised: 01 Dec 2018
Albert H. Choi and Geeyoung Min
University of Virginia School of Law and Columbia Law School
Downloads 705 (33,364)

Abstract:

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11.

Fee-Shifting and Shareholder Litigation

104 Virginia Law Review 59 (2018), Virginia Law and Economics Research Paper No. 2016-15
Number of pages: 53 Posted: 20 Sep 2016 Last Revised: 14 Mar 2018
Albert H. Choi
University of Virginia School of Law
Downloads 685 (34,726)

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12.

Market Conditions and Contract Design: Variations in Debt Contracting

New York University Law Review, Forthcoming, Stanford Law and Economics Olin Working Paper No. 428, Virginia Law and Economics Research Paper No. 2012-07
Number of pages: 30 Posted: 01 May 2012 Last Revised: 27 Feb 2013
Albert H. Choi and George G. Triantis
University of Virginia School of Law and Stanford Law School
Downloads 672 (35,653)
Citation 2

Abstract:

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contracts, corporate finance, bargaining power, adverse selection, moral hazard

13.

Completing Contracts in the Shadow of Costly Verification

Number of pages: 29 Posted: 24 Jan 2007 Last Revised: 10 Dec 2015
Albert H. Choi and George G. Triantis
University of Virginia School of Law and Stanford Law School
Downloads 572 (44,073)
Citation 6

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Incomplete Contracts, Costly Verification

14.

Non-Profit Status and Relational Sanctions: Commitment to Quality through Repeat Interactions and Organizational Choice

Journal of Law and Economics, No. 4, 2015, Virginia Law and Economics Research Paper No. 2014-07, Virginia Public Law and Legal Theory Research Paper No. 2014-19
Number of pages: 32 Posted: 10 Mar 2014 Last Revised: 26 May 2017
Albert H. Choi
University of Virginia School of Law
Downloads 558 (45,521)

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15.
Downloads 542 ( 47,214)
Citation 2

Successor Liability and Asymmetric Information

Number of pages: 23 Posted: 28 Feb 2006
Albert H. Choi
University of Virginia School of Law
Downloads 542 (46,628)
Citation 2

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Successor Liability and Asymmetric Information

American Law and Economics Review, Vol. 9, Issue 2, pp. 408-434, 2007
Posted: 16 Jun 2008
Albert H. Choi
University of Virginia School of Law

Abstract:

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K13, K22, K32

16.

Contract's Role in Relational Contract

Virginia Law and Economics Research Paper No. 2014-01, Virginia Public Law and Legal Theory Research Paper No. 2014-04
Number of pages: 50 Posted: 03 Jan 2014 Last Revised: 23 Apr 2015
Scott Baker and Albert H. Choi
Washington University in St. Louis - School of Law and University of Virginia School of Law
Downloads 502 (52,019)

Abstract:

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17.

Are Non-Profit Firms Simply For-Profits in Disguise? Evidence from Executive Compensation in the Nursing Home Industry

Number of pages: 42 Posted: 12 Nov 2004
Anup Malani and Albert H. Choi
University of Chicago - Law School and University of Virginia School of Law
Downloads 488 (53,876)
Citation 2

Abstract:

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non-profit, nursing home, tax, executive compensation

18.

Optimal Agency Contracts: The Effect of Vicarious Liability and Judicial Error

Number of pages: 22 Posted: 05 Apr 2006
Albert H. Choi and Juan Carlos Bisso
University of Virginia School of Law and University of Virginia - Department of Economics
Downloads 477 (55,453)
Citation 2

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Allocating Settlement Authority Under a Contingent-Fee Arrangement

Number of pages: 24 Posted: 25 Oct 2001
Albert H. Choi
University of Virginia School of Law
Downloads 477 (54,837)
Citation 4

Abstract:

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litigation, contingent fee, delegation

Allocating Settlement Authority Under a Contingent-Fee Arrangement

Journal of Legal Studies, Vol. 23, No. 2, June 2003
Posted: 16 Apr 2004
Albert H. Choi
University of Virginia School of Law

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Litigation, contingent fee, delegation

Should Plaintiffs Win What Defendants Lose?: Litigation Stakes, Litigation Effort, and the Benefits of 'Decoupling'

USC CLEO Research Paper No. C02-7; and UVA Law and Economics Research Paper No. 02-1
Number of pages: 36 Posted: 12 Apr 2002
Albert H. Choi and Chris William Sanchirico
University of Virginia School of Law and University of Pennsylvania Law School
Downloads 449 (59,202)
Citation 11

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Should Plaintiffs Win What Defendants Lose?: Litigation Stakes, Litigation Effort, and the Benefits of 'Decoupling'

U of Penn, Inst for Law & Econ Research Paper 04-02; USC CLEO Research Paper No. C02-7
Posted: 19 Jan 2004
Albert H. Choi and Chris William Sanchirico
University of Virginia School of Law and University of Pennsylvania Law School

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21.

Reputation and Litigation: Why Costly Legal Sanctions Can Work Better than Reputational Sanctions

Virginia Law and Economics Research Paper No. 2013-02, Washington University in St. Louis Legal Studies Research Paper No. 13-03-01
Number of pages: 32 Posted: 02 Jan 2013 Last Revised: 01 Jan 2018
Scott Baker and Albert H. Choi
Washington University in St. Louis - School of Law and University of Virginia School of Law
Downloads 439 (61,524)

Abstract:

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22.

Preliminary Agreements and Good Faith Negotiation

Virginia Law and Economics Research Paper No. 2017-13, Stanford Public Law Working Paper
Number of pages: 44 Posted: 01 Jun 2017 Last Revised: 16 Nov 2018
Albert H. Choi and George G. Triantis
University of Virginia School of Law and Stanford Law School
Downloads 390 (70,799)

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Preliminary Agreement, Letter of Intent, Memorandum of Understanding, Duty to Negotiate in Good Faith

23.

A Critique of the Odious Debt Doctrine

U of Chicago Law & Economics, Olin Working Paper No. 323
Number of pages: 22 Posted: 17 Jan 2007
Albert H. Choi and Eric A. Posner
University of Virginia School of Law and University of Chicago - Law School
Downloads 333 (85,126)
Citation 2

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24.

The Role of Headquarters in Firm-Specific Investment and Intra-Firm Trade

Number of pages: 37 Posted: 24 Nov 2001
Albert H. Choi
University of Virginia School of Law
Downloads 312 (91,546)

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25.

The Parol Evidence Rule, Information Disclosure, and the Value of an Oral Promise

Virginia Law and Economics Research Paper No. 2009-17
Number of pages: 23 Posted: 07 Apr 2008 Last Revised: 14 Oct 2009
Albert H. Choi
University of Virginia School of Law
Downloads 302 (94,902)

Abstract:

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integration, parol evidence rule, incomplete contracts

26.

Shareholder Voting on Golden Parachutes

Virginia Law and Economics Research Paper No. 2018-13
Number of pages: 38 Posted: 20 Aug 2018 Last Revised: 23 Oct 2018
Albert H. Choi, Andrew Lund and Robert J. Schonlau
University of Virginia School of Law, Villanova University School of Law and Miami University - Farmer School of Business
Downloads 206 (141,416)

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Golden Parachutes, Executive Compensation, Shareholder Voting, Say on Golden Parachutes, Corporate Governance

27.

Addressing Informational Challenges with Earnouts in Mergers and Acquisitions

Research Handbook on Mergers and Acquisitions, Forthcoming; Virginia Law and Economics Research Paper No. 2016-17
Number of pages: 20 Posted: 13 Sep 2016 Last Revised: 26 Sep 2016
Albert H. Choi
University of Virginia School of Law
Downloads 173 (165,158)

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Earnouts, Mergers and Acquisitions, Information Asymmetry, Post-Closing Verification

28.

Shrink-Wraps: Who Should Bear the Cost of Communicating Mass-Market Contract Terms?

Virginia Law and Economics Research Paper No. 2009-15
Number of pages: 26 Posted: 16 Apr 2009 Last Revised: 15 May 2014
Yeon-Koo Che and Albert H. Choi
Columbia University and University of Virginia School of Law
Downloads 166 (170,458)

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shrink-wraps, EULA, quality search, duty to read, duty to speak

29.

Taxes and Mergers: Evidence from Banks During the Financial Crisis

Virginia Law and Economics Research Paper No. 2018-09, Virginia Public Law and Legal Theory Research Paper No. 2018-32
Number of pages: 44 Posted: 23 May 2018
Albert H. Choi, Quinn Curtis and Andrew T. Hayashi
University of Virginia School of Law, University of Virginia School of Law and University of Virginia School of Law
Downloads 124 (216,097)

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30.

Amicus Brief of Law and Finance Professors in Verition Partners v. Aruba Networks (Appraisal Lawsuit)

Number of pages: 21 Posted: 02 Jan 2019
Indiana University Maurer School of Law, Texas Christian University - M.J. Neeley School of Business, University of Virginia School of Law, Harvard Law School, University of Texas at Austin - School of Law, Baylor University and Indiana University - Kelley School of Business - Department of Finance
Downloads 39 (407,462)

Abstract:

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Appraisal, Efficient Market Hypothesis, Mergers