Albert H. Choi

University of Michigan Law School

625 South State Street

Ann Arbor, MI 48109-1215

United States

http://www.law.umich.edu/FacultyBio/Pages/FacultyBio.aspx?FacID=alchoi

  • University of Michigan Law School

SCHOLARLY PAPERS

33

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CITATIONS
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61

Scholarly Papers (33)

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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 Michigan Law School
Downloads 1,705 (9,358)
Citation 1

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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 Michigan Law School
Downloads 1,501 (11,494)

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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 Michigan Law School and Stanford Law School
Downloads 1,330 (13,925)
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 Michigan Law School and Columbia University - School of Law
Downloads 1,034 (20,421)
Citation 2

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

5.

Golden Parachute as a Compensation Shifting Mechanism

Downloads 943 ( 23,393)

Golden Parachute as a Compensation Shifting Mechanism

Number of pages: 24 Posted: 27 Jul 2002
Albert H. Choi
University of Michigan Law School
Downloads 943 (22,987)

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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 Michigan Law School

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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 Michigan Law School

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6.

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 Michigan Law School and Harvard University - Law School - Faculty
Downloads 924 (24,112)
Citation 1

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7.

A Rent Extraction Theory of Right of First Refusal

Downloads 901 ( 25,040)
Citation 6

A Rent Extraction Theory of Right of First Refusal

Number of pages: 15 Posted: 22 Dec 2006
Albert H. Choi
University of Michigan Law School
Downloads 900 (24,665)
Citation 1

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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 Michigan Law School
Downloads 1 (680,866)
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8.

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 Michigan Law School and Stanford Law School
Downloads 887 (25,605)
Citation 9

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Contracts, Negotiation, Bargaining Power

9.

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 Michigan Law School and Harvard University - Law School - Faculty
Downloads 848 (27,251)
Citation 3

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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 Michigan Law School and Columbia Law School
Downloads 766 (31,395)

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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 Michigan Law School
Downloads 706 (35,073)

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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 Michigan Law School and Stanford Law School
Downloads 689 (36,266)
Citation 1

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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 Michigan Law School and Stanford Law School
Downloads 578 (45,783)
Citation 1

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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 Michigan Law School
Downloads 560 (47,731)

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15.

Successor Liability and Asymmetric Information

Downloads 546 ( 49,219)

Successor Liability and Asymmetric Information

Number of pages: 23 Posted: 28 Feb 2006
Albert H. Choi
University of Michigan Law School
Downloads 546 (48,616)

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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 Michigan Law School

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K13, K22, K32

16.

Designing and Enforcing Preliminary Agreements

Texas Law Review, Forthcoming
Number of pages: 40 Posted: 01 Jun 2017 Last Revised: 01 Jul 2019
Albert H. Choi and George G. Triantis
University of Michigan Law School and Stanford Law School
Downloads 522 (52,116)
Citation 1

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

17.

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 Michigan Law School
Downloads 514 (53,145)
Citation 2

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18.

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 Michigan Law School
Downloads 491 (56,303)
Citation 1

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non-profit, nursing home, tax, executive compensation

19.

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 Michigan Law School and University of Virginia - Department of Economics
Downloads 478 (58,276)

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20.

Allocating Settlement Authority Under a Contingent-Fee Arrangement

Downloads 478 ( 58,276)

Allocating Settlement Authority Under a Contingent-Fee Arrangement

Number of pages: 24 Posted: 25 Oct 2001
Albert H. Choi
University of Michigan Law School
Downloads 478 (57,624)

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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 Michigan Law School

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Litigation, contingent fee, delegation

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 Michigan Law School
Downloads 460 (61,133)
Citation 1

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22.

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

Downloads 450 ( 62,445)

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 Michigan Law School and University of Pennsylvania Law School
Downloads 450 (62,122)
Citation 9

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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 Michigan Law School and University of Pennsylvania Law School

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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 Michigan Law School and University of Chicago - Law School
Downloads 333 (89,368)
Citation 3

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24.

Golden Parachutes and the Limits of Shareholder Voting

Vanderbilt Law Review, Forthcoming
Number of pages: 41 Posted: 20 Aug 2018 Last Revised: 01 Jul 2019
Albert H. Choi, Andrew Lund and Robert J. Schonlau
University of Michigan Law School, Villanova University School of Law and Miami University - Farmer School of Business
Downloads 314 (95,337)

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

25.

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 Michigan Law School
Downloads 314 (95,337)

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26.

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 Michigan Law School
Downloads 306 (98,023)

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integration, parol evidence rule, incomplete contracts

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 Michigan Law School
Downloads 183 (163,764)

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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 Michigan Law School
Downloads 170 (174,857)
Citation 3

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

29.

Crisis-Driven Tax Law: The Case of Section 382

Virginia Law and Economics Research Paper No. 2019-11, Virginia Public Law and Legal Theory Research Paper No. 2019-29
Number of pages: 62 Posted: 23 May 2018 Last Revised: 16 May 2019
Albert H. Choi, Quinn Curtis and Andrew T. Hayashi
University of Michigan Law School, University of Virginia School of Law and University of Virginia School of Law
Downloads 155 (189,137)

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30.

Class Actions and Private Antitrust Litigation

Virginia Law and Economics Research Paper No. 2019-01, Virginia Public Law and Legal Theory Research Paper No. 2019-05
Number of pages: 37 Posted: 07 Feb 2019 Last Revised: 08 Feb 2019
Albert H. Choi and Kathryn E. Spier
University of Michigan Law School and Harvard University - Law School - Faculty
Downloads 146 (198,686)

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Antitrust Lawsuits, Class Actions, Class Action Waivers

31.

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

Number of pages: 21 Posted: 02 Jan 2019
Brian J. Broughman, Audra L. Boone, Albert H. Choi, Jesse M. Fried, Mira Ganor, Antonio J. Macias and Noah Stoffman
Indiana University Maurer School of Law, Texas Christian University - M.J. Neeley School of Business, University of Michigan Law School, Harvard Law School, University of Texas at Austin - School of Law, Baylor University and Indiana University - Kelley School of Business - Department of Finance
Downloads 133 (214,252)

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Appraisal, Efficient Market Hypothesis, Mergers

32.

Relationship-Specific Investment, Asymmetric Information, and the Role of Good Faith Obligations

Virginia Law and Economics Research Paper No. 2019-02
Number of pages: 23 Posted: 08 Feb 2019
Albert H. Choi and George G. Triantis
University of Michigan Law School and Stanford Law School
Downloads 82 (299,010)

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

33.

Federal Forum Provisions and the Internal Affairs Doctrine

Number of pages: 41 Posted: 21 Aug 2019
Dhruv Aggarwal, Albert H. Choi and Ofer Eldar
Yale University, Law School, Students, University of Michigan Law School and Duke University School of Law
Downloads 16

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corporate law, forum selection, securities litigation, internal affairs, Delaware, private ordering