Associate Professor of Law
Yair Jason Listokin's primary research and teaching interests are business organizations, bankruptcy, contracts, corporate finance, and empirical legal studies. His additional interests are in federal income taxation and secured transactions.
Professor Listokin received his JD. from Yale Law School in 2005, his AB (magna cum laude
) in economics from Harvard in 1998, and his PhD in economics from Princeton in 2002.
At Yale Law School, Professor Listokin was named the John M. Olin Prize Winner for the best student paper in law and economics three times, and he was a John M. Olin Fellow in Law and Economics.
In 2005-2006, he clerked for The Honorable Richard A. Posner at the U.S. Court of Appeals, 7th Circuit. Selected Publications
"What Do Corporate Default Rules and Menus Do? An Empirical Analysis" Journal of Empirical Legal Studies
"Learning Through Policy Variation," Yale Law Journal
, Vol. 118, No. 3, December, 2008
"Management Always Wins the Close Ones," American Law and Economics Review,
Vol. 10, No. 2, 159-184, 2008
"Interpreting Empirical Estimates of the Effect of Corporate Governance," American Law and Economics Review
, Vol. 10, No. 90, 2008
"Is Secured Debt Used to Redistribute Value from Tort Claimants in Bankruptcy? An Empirical Analysis," Duke Law Journal
, Vol, 57, 1037, 2008
"Paying for Performance in Bankruptcy: Why CEOs Should be Compensated with Debt" University of Pennsylvania Law Review
, Vol. 155, No. 777, 2007
"Crime and (with a lag) Punishment: Equitable Sentencing and the Implications of Discounting," American Criminal Law Review
, Vol. 44, No. 115, 2007
"The Empirical Case for Specific Performance: Evidence from the Tyson-IBP Litigation," Journal of Empirical Legal Studies
, Vol. 2, No. 469, 2005
"Optimal Trust Design in Mass Tort Bankruptcy" (with K. Ayotte), American Law and Economics Review
, Vol. 7, No. 2, 403-438, 2005
"Future Oriented Gang Members? Gang Finances and the Theory of Present Oriented Criminals," American Journal of Economics and Sociology
, Vol. 64, No. 1073, 2005
"Protecting Future Claimants in Mass Tort Bankruptcies" (with K. Ayotte), Northwestern University Law Review
, Vol. 98, No. 4, 1435-1503, Summer, 2004
"Efficient Time Bars: A New Rationale for the Existence of Statutes of Limitations in Criminal Law," Journal of Legal Studies
, Vol. 31, No. 1, Part 1, 2002Working Papers
"Corporate Voting vs. Market Price Setting"
"The Pivotal Mechanism and Organizational Control"
"Randomizing Law" (with I. Ayres)Education
JD Yale Law School, 2005
PhD Princeton University, 2002