Eric Talley

Eric Talley


Eric Talley is the Isidor and Seville Sulzbacher Professor of Law. He is an expert in the intersection of corporate law, governance, and finance, and he teaches a variety of courses that include corporate law, mergers and acquisitions, contract and commercial law, microeconomics, corporate finance, securities regulation, quantitative methods, game theory, and economic analysis of law.

Talley has held permanent or visiting appointments at the University of California, Berkeley, University of Southern California, Caltech, University of Chicago; Harvard University; Georgetown University, RAND Graduate School; and Stanford University. He has also taught short courses at the University of New South Wales; the University of Sydney; University of San Diego; Tel Aviv University, the Interdisciplinary Center; and University of Miami.

He serves on the boards of the American Law and Economics Association (ALEA), as well the Society for Empirical Legal Studies, and was the society's co-president in 2013–2014. Talley is a frequent commentator in the national media, and he speaks regularly to corporate boards and regulators on issues pertaining to fiduciary duties, governance, and finance. He is a native of Los Alamos, N.M.

Talley holds a J.D. from Stanford University, where he was the articles editor for the Stanford Law Review; a Ph.D. in economics from Stanford University; and a B.A. degree from the University of California, San Diego.

  • J.D., Stanford University
  • Ph.D., Stanford University
  • B.A., University of California, San Diego
  • “Contracting Out of the Fiduciary Duty of Loyalty: An Empirical Analysis of Corporate Opportunity Waivers,” (with Gabriel V. Rauterberg), Columbia Law Review, 2017
  • “Designing Corporate Bailouts,” (with Antonio Bernardo and Ivo Welch), Journal of Law & Economics, 2016
  • “Corporate Inversions and the Unbundling of Regulatory Competition,” Virginia Law Review, 2015
  • “On Experimentation and Real Options in Financial Regulation,” (with Matthew Spitzer), Journal of Legal Studies, 2014  
  • “Who put the ‘lie’ in LIBOR (and who should take it out)? Civil LIBOR litigation in the US,” (with Samantha Strimling), Law and Financial Markets Review, 2014
  • “Social Entrepreneurship and Uncorporations,” (with Jesse Finfrock), Illinois Law Review, 2014
  • “Left, Right and Center: Strategic Information Acquisition and Diversity in Judicial Panels,” (with Matthew Spitzer), Law, Economics, and Organizations, 2013
  • “The Measure of a MAC: A Machine-Learning Protocol for Tokenizing Force Majeure Clauses in M&A Agreements,” (with D. O’Kane), Journal Inst. and Th. Econ., 2012  
  • “On Uncertainty, Ambiguity, and Contractual Conditions,” Delaware Journal of Corporate Law, 2009
  • “Public Ownership, Firm Governance, and Litigation Risk,” University of Chicago Law Review, 2009
  • “Going Private Decisions and the Sarbanes Oxley Act of 2002: A Cross-Country Analysis,” (with Ehud Kamar and Pinar Karaca-Mandic), Journal of Law, Economics and Organization, 2009
  • “Experimental Law and Economics,” (with Jennifer Arlen), Edward Elgar Publishing Ltd., 2008
  • “Experimental Law and Economics” (with Colin Camerer) in Handbook of Law and Economics, 2007
Activities and Affiliations
  • Rosalinde and Arthur Gilbert Foundation Professor in Law, Business, and the Economy, University of California, Berkeley (Boalt Hall) School of Law, 2009-2015
  • Faculty Co-Director, Berkeley Center for Law, Business, and the Economy, 2006-2015
  • Chair, University of California, Berkeley, Budget Committee, 2013–2014
  • Senior Economist, RAND Corporation, 2004–2013
  • Ivadelle and Theodore Johnson Professorship in Law and Business, University of Southern California, 2004–2006
Areas of Expertise
  • Corporate Law
  • Securities Regulation
Advanced Corporate Law: Mergers and Acquisitions
Corporate Finance
S. Corporate Law and Finance Research

Columbia Law School

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