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/researches in areas that include corporate law and finance, mergers and acquisitions, quantitative methods, machine learning, contract and commercial law, game theory, and economic analysis of law. In 2017, Talley was chosen by Columbia Law School's graduating class to receive the Willis L.M. Reese Prize for Excellence in Teaching.

Talley has held permanent or visiting appointments at the University of California at 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 board of directors of the American Law and Economics Association (ALEA), is current Chair of the board of directors of the Society for Empirical Legal Studies (SELS), and was the SELS 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.

Talley holds a J.D. from Stanford University, where he was articles editor for the Stanford Law Review; a Ph.D. in economics from Stanford University; and B.A. degrees in economics and political science from the University of California, San Diego. He is a native of Los Alamos, N.M.

  • J.D., Stanford University
  • Ph.D. (Economics), Stanford University
  • B.A. (Economics and Political Science), 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 (Corporate Practice Commentator, Top Ten Corporate and Securities Articles for 2016)
  • “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 (Corporate Practice Commentator, Top Ten Corporate and Securities Articles for 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
  • Columbia Data Sciences Institute (Executive Committee Member)
  • Board Chair, Society for Empirical Legal Studies
  • Board Member, American Law and Economics Association
  • 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
  • University of California, Berkeley, Campus Budget Committee, 2011–2014 (Chair 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
  • Corporate Finance
  • Corporate Governance
  • Economic Analysis of Law
  • Mergers and Acquisitions
  • Securities Regulation
Advanced Corporate Law: Mergers and Acquisitions
Corporate Finance
S. Corporate Law and Finance Research