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Symposium: Judicial Conduct, Ethics, and Reform - Introduction - Judicial Legitimacy: Come for the Ethics, Stay for the Transparency
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Sunk Costs and Exploding Offers with Saul Levmore
No full textPeople tend to misunderstand the “sunk cost fallacy.” A firm invests in learning about a takeover target, and then hesitates to abandon the bidding or the search because it has sunk costs in this endeavor. When is this rational or irrational? Is it sensible to settle a case early before investing in litigation, or is the right price at which to settle the same in the middle of a trial? Is this the same as encouraging a kid to “follow your dream” when choosing a career? And what about hiring decisions? When should one make or accept an exploding offer with respect to a job–and is that the same when accepting a takeover bid? In this lecture, Saul Levmore (University of Chicago Law School) will explore the relationship between sunk costs and exploding offers in a variety of settings. Speaker Bio
Saul Levmore came to the Law School from the University of Virginia. He was the Dean of the University of Chicago Law School from 2001 to 2009, and is the William B. Graham Distinguished Service Professor of Law. He has been a visiting professor at Yale, Harvard, Michigan and Northwestern. He has taught and written about torts, corporations, copyright, non-profit organizations, comparative law, public choice, corporate tax, commercial law, insurance and contracts. He is a member of the American Academy of Arts and Sciences, a past president of the American Law Deans Association and a past trustee of the Law School Admissions Council and of the Skadden Foundation. He is currently the President of the American Law and Economics Association.
Aside from law, Levmore has been an advisor on corporate governance issues and on development strategies. Although his work continues to be related to law and economics (especially public choice) across many fields, he has also written books on aging and on games and puzzles
Climate Rights in Brazil and the United States: A Convergence in Contrasts
Get PDFThis Article offers three quick takeaways. First is the utility of rights-based approaches to climate change. As evidence of climate change grows, international and domestic law are rushing to keep pace. ...
Second is the value of borrowing. Courts look and listen to other courts. As the political processes at both domestic and international levels have failed to protect against climate change, whether by action or inaction, a growing number of courts—led by those in Brazil, the United States, and elsewhere—have tried to catalyze more robust and effective government responses. ...
Last is implementation. Without a strategy for operationalizing these legal tools, they are pointless. ...
(Abstract consists of excerpts from the article\u27s Conclusion.
A Law Degree Provides Skills That Can Make You Rich (, It Helps to Be Lucky Too)
No full text2024 Mehlman Lecture
Using his entrepreneurial endeavors as a background and example, Hallberg will discuss what he believes are some of the instrumental skills you can (and hopefully do) acquire with a law degree that can translate into a dozen or so keys to managing, advising and understanding a rapidly growing a company. He will discuss the WHOs, WHATs, WHEREs, WHENs and WHYs to building a billion dollar business, that rely upon many of the core principles central to great lawyering
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