Manuel A. Utset, Jr., the William & Catherine VanDercreek Professor, practiced corproate law at Sullivan & Cromwell in New York City. He is a leading scholar on applying behavioral law and economics to issues in corporate law and has recently explored the implications of time inconsistent behavior for this and other areas of law.
"Standard corporate law and finance models assume that participants in firms and traders in capital markets have perfect self-control and
unbounded rationality – i.e., they have the time and ability to make sense of complex contracts and financial markets in a timely fashion. My scholarship focuses on the theoretical and doctrinal implications that follow if we replace these two assumptions with ones more firmly
grounded in how real-world businesspeople and lawyers behave. My seminars on Financial Regulation and on Corporate Law Theory and Finance give special attention to these issues.”
Time-Inconsistent Preferences and Venture Capital Contracting, in The
Oxford Handbook of Venture Capital (Oxford University Press 2012)
Procrastination and the Law, in The Thief Of Time: Philosophical Essays on Procrastination (Oxford University Press 2010)
Corporate Crimes and Time-Inconsistent Preferences, _ Va. J. Crim. L. _ (forthcoming 2013) (symposium)
Criminal Addictions, 74 Pitt. L. Rev. _ (forthcoming 2013)
Financial System Engineering, 32 Rev. Banking & Fin. L. _ (forthcoming 2013)
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