Claire A. Hill

Vance K. Opperman Research Scholar

Claire A. Hill

418 Mondale Hall
229–19th Ave. South
Minneapolis, MN 55455

612-624-6521

hillx445@umn.edu

University of Chicago, B.A., M.A.
American University, J.D.
Columbia University, LL.M., J.S.D.

Professor Claire A. Hill teaches courses in commercial and business law, as well as seminars in law and economics, transactions, and corporate governance. Professor Hill's research interests include capital structure, behavioral law and economics, contract theory, and law and language. She previously taught in the Schools of Law at Chicago-Kent, George Mason, Northwestern and Boston University; she also was a Sloan Visiting Professor at Georgetown. Before becoming a law professor, Professor Hill practiced corporate law at Milbank, Tweed, Hadley & McCloy in New York.


PUBLICATIONS

Representative List of Publications

Bargaining in the Shadow of the Lawsuit: A Social Norms Theory of Incomplete Contracts (forthcoming) DELAWARE JOURNAL OF CORPORATE LAW

Reducing the Negative Consequences of Identity: A Potential Role for the Nonprofit Sector in the Era of Globalization, co-authored with Avner Ben-Ner, 79 ANN. PUBLIC & COOP. ECON. 579 (2008)

The Rationality of Preference Construction (and the Irrationality of Rational Choice) 9 MINN. J. L. SCI & TECH 689 (2008) (symposium issue on Self and Other: Cognitive Perspectives on Trust, Empathy and the Self)

The Myth of Discovery, 9 MINN. J. L. SCI & TECH 743 (2008) (symposium issue on Self and Other: Cognitive Perspectives on Trust, Empathy and the Self)

Tax Lawyers are People Too: Commentary on Victor Fleischer’s Options Backdating, Tax Shelters and Corporate Culture, 26 VA. TAX. REV. 1065 (2007) (reprinted in Monthly Digest of Tax Articles, 2007)

Anti-Anti-Anti Paternalism, 2 NYU J. LAW & LIBERTY 444 (2007) (symposium issue on legal paternalism)

Stone v. Ritter: The Expanding Duty of Loyalty (co-authored with Brett McDonnell), 76 FORD. L. REV 1769 (2007) (Selected to be reprinted in volumes on Director Liability and Duty of Care published by Amicus Books, an imprint of Icfai University Press)

Creating Failures in the Market for Tax Planning, (co-authored with Phil Curry and Francesco Parisi), 26 Va. Tax. Rev. 944 (2007) (symposium on The Future of Tax Shelters; symposium co-organizer (with Kristin Hickman)).

Disney, Good Faith, and Structural Bias, (co-authored with Brett McDonnell), 32 J. Corp. L. 833 (2007).

The Law and Economics of Identity, 33 Queens L.J. 389 (2007).

A Cognitive Theory of Trust (co-authored with Erin O’Hara), 84 WASH. U. L. REV.1717 (2006)

How German Contracts Do As Much With Fewer Words, 79 Chi-Kent. L. Rev. 889 (2004) (with Christopher King) (also forthcoming in the conference proceedings for the 2003 Conference on Comparative Law and Language, Society of Comparative Law).

Regulating the Rating Agencies, 82 Wash. U. L. Q. 43 (2004). This paper also was selected for inclusion in the Securities Law Review for 2005.

Rating Agencies Behaving Badly: The Case of Enron, in Symposium: Crisis in Confidence: Corporate Governance and Professional Ethics Post-Enron, 35 Conn. L. Rev. 1145 (2003).

Beyond Mistakes: The "Next Wave" of Behavioral Law and Economics, 29 Queen's L. J. 563 (2004).

Law and Economics in the Personal Sphere: Review Essay of Margaret Brinig, From Contract to Covenant; Robert Frank, Luxury Fever; Eric Posner, Law and Social Norms; and Richard Posner, Sex and Reason, 29 L. & Soc. Inquiry 219 (2004).

Is Secured Debt Efficient?, 77 Tex. L. Rev. 1117 (2002).

A Comment on Language and Norms in Complex Business Contracts, in Symposium: Theory Informs Business Practice, 77 Chi-Kent. L. Rev. 29 (2002) (symposium editor).

Why Contracts are Written in Legalese, in Symposium: Theory Informs Business Practice, 77 Chi-Kent. L. Rev. 59 (2002) (symposium editor).

The Promise and Limits of Financial Engineering in Emerging Markets, in Financial Innovations and the Welfare of Nations (Kluwer Academic Press; Jacque and Vaaler, eds, 2001).

Securitization: A Financing Strategy for Emerging Markets, 11 Journal of Applied Corporate Finance 55 (Fall 1998).

Securitization: A Low-Cost Sweetener for Lemons, 74 Wash. U. L.Q. 1061 (1996).

COURSES

Law & Economics Workshop
Business Associations/Corporations
Contracts
Securities
Mergers & Acquisitions
Bankruptcy
Corporate Governance