- Ph.D., Massachusetts Institute of Technology, 2001
- J.D., Yale Law School, 2001
- B.A., Pomona College, 1994
Albert Choi joined the University of Virginia School of Law as an associate professor of law and associate director of the John M. Olin Program in Law and Economics in 2005, after teaching as an assistant professor in the University's Department of Economics. His research and teaching interests include law and economics, contract theory, corporate law, corporate finance and organization. He earned his J.D. from Yale Law School in May 2001 and his Ph.D. in economics from the Massachusetts Institute of Technology in September of that same year.
While at Yale, he was an Olin Fellow in Law and Economics in 2000-01 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.
Choi was a visiting professor at Yale Law School in 2008-09, the Austin Wakeman Scott Visiting Professor at Harvard Law School in 2009-10, the Joseph F. Cunningham Visiting Professor of Commercial and Insurance Law at Columbia Law School in 2015, and a visiting professor at University of Pennsylvania Law School in 2017-18.
From 2011 to 2014, he served as a director on the American Law and Economics Association’s board. He is co-editor at the American Law and Economics Review and associate editor of the International Review of Law and Economics.
- Corporate Finance
- Law and Economics
- Mergers and Acquisitions
- Taking a Financial Position in Your Opponent in Litigation (with Kathy Spier), forthcoming in American Economic Review
- Appraising the “Merger Price” Appraisal Rule (with Eric Talley), forthcoming in Journal of Law, Economics, and Organization
- Contractarian Theory and Unilateral Bylaw Amendments (with Geeyoung Min), forthcoming in Iowa Law Review
- Concentrated Ownership and Long-Term Shareholder Value forthcoming in Harvard Business Law Review
- Reputation and Litigation: Why Costly Legal Sanctions Can Work Better than Reputational Sanctions (with Scott Baker), 47:1 Journal of Legal Studies 45 – 82 (2018)
- Fee-Shifting and Shareholder Litigation, 104:1 Virginia Law Review 59 – 111 (2018)
- Facilitating Mergers and Acquisitions with Earnouts and Purchase Price Adjustments, 2:1 Journal of Law, Finance, and Accounting 1 – 47 (2017)
- Addressing Informational Challenges with Earnouts in Mergers and Acquisitions, in Claire Hill & Steven Davidoff Solomon, eds., Research Handbook on Mergers and Acquisitions (Edward Elgar Press, 2016)
- Non-Profit Status and Relational Sanctions: Commitment to Quality through Repeat Interactions and Organizational Choice, 58:4 Journal of Law and Economics 969 – 993 (2015)
- Contract’s Role in Relational Contract (with Scott Baker), 101:3 Virginia Law Review 559 – 607 (2015)
- Should Consumers Be Permitted to Waive Products Liability? Product Safety, Private Contracts, and Adverse Selection (with Kathy Spier), 30:4 Journal of Law, Economics, and Organization 734 – 766 (2014)
- Market Conditions and Contract Design: Variations in Debt Contracting (with George Triantis), 88:1 New York University Law Review 51 – 82 (2013)
- The Effect of Bargaining Power on Contract Design (with George Triantis), 98:8 Virginia Law Review 1665 – 1744 (2012)
- Strategic Vagueness in Contract Design: The Case of Corporate Acquisitions, (with George Triantis), 119:5 Yale Law Journal 848 – 924 (2010)
- A Rent Extraction Theory of Right of First Refusal, 57:2 Journal of Industrial Economics 252 – 264 (2009)
- Completing Contracts in the Shadow of Costly Verification, (with George Triantis), 37:2 Journal of Legal Studies 503 – 534 (2008)
- Optimal Agency Contracts: The Effect of Vicarious Liability and Judicial Error (with Juan Carlos Bisso), 28:3 International Review of Law and Economics 166 – 174 (2008)
- A Critique of the Odious Debt Doctrine (with Eric Posner), 70:3 Law and Contemporary Problems 33 – 51 (2007)
- Successor Liability and Asymmetric Information, 9:2 American Law and Economics Review 408 – 434 (2007)
- Should Plaintiffs Win What Defendants Lose? Litigation Stakes, Litigation Effort, and the Benefits of Decoupling, (with Chris Sanchirico), 33:2 Journal of Legal Studies 323 – 354 (2004)
- Golden Parachute as a Compensation Shifting Mechanism, 20:1 Journal of Law, Economics, and Organization 170 – 191 (2004)
- Allocating Settlement Authority under a Contingent Fee Arrangement, 23:2 Journal of Legal Studies 585 – 610 (2003)