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Our History: Former Faculty: Levmore, Saul (1980-1998)

Tenured faculty at the University of Virginia School of Law through its history.

Saul Levmore, 1980-1998

Saul Levmore

A native of New York City, Levmore received a B.A. from Columbia in 1973, and a Ph.D. in economics in 1978 and J.D. in 1980, both from Yale. While a law student, he lectured in economics and served as dean of Jonathan Edwards College. He then joined the faculty of UVA Law, where he won the UVA Alumni Association’s Outstanding Young Teacher Award in 1984. He was a frequent lecturer at workshops and conferences at other law schools and was a visiting professor at Yale, University of Chicago, Harvard, Michigan, and Northwestern law schools. Levmore taught courses such as corporations, corporate tax, torts, comparative law, contracts and commercial law. He served as a consultant on the problems of business organization, taxation, commercial law, and development in the U.S. and in developing countries. In 1981 he co-authored the book Superstrategies for Puzzles and Games and in 1994 he edited Foundations of Tort Law. He left UVA to join the faculty of the University of Chicago School of Law, where he served as dean from 2001-2009. Upon leaving UVA, he told the Virginia Law Weekly, “I love UVA. It has been the best thing that ever happened to me. I love the faculty. I even love the students, and I think I have been the happiest person I know.”



Super Strategies for Puzzles and Games (with Elizabeth Early Cook) (Doubleday, 1981).

Foundations of Tort Law (editor) (Oxford University Press, 1994).

Articles and Book Chapters

Bank Trust Departments and “Float” Revenue: Finding the Proper Procedures, 98 Banking L.J. 817-837 (1981).

Identifying Section 306 Stock: The Sleeping Beauty of Revenue Ruling 66-332, 2 Va. Tax Rev. 59-78 (1982).

Monitors and Freeriders in Commercial and Corporate Settings, 92 Yale L.J. 49-83 (1982).

Rescuing Some Antitrust Law: An Essay on Vertical Restrictions and Consumer Information, 67 Iowa L. Rev. 981-993 (1982); reprinted in 24 Corp. Prac. Commentator 561-575 (1983).

Securities and Secrets: Insider Trading and the Law of Contracts, 68 Va. L. Rev. 117-160 (1982).

Self-Assessed Valuation Systems for Tort and Other Law, 68 Va. L. Rev. 771-861 (1982).

Interstate Exploitation and Judicial Intervention, 69 Va. L. Rev. 563-631 (1983).

A Reply to Landes: A Faulty Study of No-Fault’s Effect on Fault? (with Jeffrey O’Connell), 48 Mo. L. Rev. 649-653 (1983).

Efficient Markets and Puzzling Intermediaries, 70 Va. L. Rev. 645-667 (1984).

The Appraisal Remedy and the Goals of Corporate Law (with Hideki Kanda), 32 UCLA L. Rev. 429-473 (1985).

Explaining Restitution, 71 Va. L. Rev. 65-124 (1985).

Rethinking Comparative Law: Variety and Uniformity in Ancient and Modern Tort Law, 61 Tul. L. Rev. 235-287 (1986); abridged version reprinted in Foundations of Tort Law 67-80 (Saul Levmore ed., Oxford University Press, 1994).

Waiting for Rescue: An Essay on the Evolution and Incentive Structure of the Law of Affirmative Obligations, 72 Va. L. Rev. 879-941 (1986); abridged version reprinted in Foundations of Tort Law 219-235 (Saul Levmore ed., Oxford University Press, 1994).

The Positive Role of Tax Law in Corporate and Capital Markets, 12 J. Corp. L. 483-503 (1987).

Transfusing Tort Law, in Issues in Compensatory Justice: The Bhopal Accident 48-74 (R.S. Khare ed., University of Virginia Center for Advanced Studies, 1987).

Variety and Uniformity in the Treatment of the Good Faith Purchaser, 16 J. Legal Stud. 43-65 (1987).

In Defense of the Regulation of Insider Trading, 11 Harv. J.L. & Pub. Pol’y 101-109 (1988).

Recharacterizations and the Nature of Theory in Corporate Tax Law, 136 U. Pa. L. Rev. 1019-1065 (1988); reprinted in 31 Corp. Prac. Commentator 153-200 (1989).

Strategic Delays and Fiduciary Duties, 74 Va. L. Rev. 863-913 (1988).

Parliamentary Law, Majority Decisionmaking, and the Voting Paradox, 75 Va. L. Rev. 971-1044 (1989).

Just Compensation and Just Politics, 22 Conn. L. Rev. 285-322 (1990).

Probabilistic Recoveries, Restitution, and Recurring Wrongs, 19 J. Legal Stud. 691-726 (1990); abridged version reprinted in Foundations of Tort Law 124-134 (Saul Levmore ed., Oxford University Press, 1994).

Remedies and Incentives in Private and Public Law: A Comparative Essay (with William J. Stuntz), 1990 Wis. L. Rev. 483-499.

Rechtsfolgen im Privatrecht und im Öffentlichen Recht: Rechtvergleichung unter Einem Law-and-Economics Blickwinkel (with William J. Stuntz), in Ökonomische Probleme des Zivilrechts 297-313 (Claus Ott & Hans-Bernd Schafer eds., Springer-Verlag, 1991).

Takings, Torts, and Special Interests, 77 Va. L. Rev. 1333-1368 (1991).

Taxes, Agency Costs, and the Price of Incorporation (with Hideki Kanda), 77 Va. L. Rev. 211-256 (1991).

Bicameralism: When Are Two Decisions Better than One?, 12 Int’l Rev. L. & Econ. 145-162 (1992).

Partnerships, Limited Liability Companies and Taxes: A Comment on the Survival of Organizational Forms, 70 Wash. U. L.Q. 489-495 (1992).

The Case for Retroactive Taxation, 22 J. Legal Stud. 265-307 (1993).

Commissions and Conflicts in Agency Arrangements: Lawyers, Real Estate Brokers, Underwriters, and Other Agents’ Rewards, 36 J.L. & Econ. 503-539 (1993).

Irreversibility and the Law: The Size of Firms and Other Organizations, 18 J. Corp. L. 333-358 (1993).

Explaining Creditor Priorities (with Hideki Kanda), 80 Va. L. Rev. 2103-2154 (1994).

Obligation or Restitution for Best Efforts, 67 S. Cal. L. Rev. 1411-1449 (1994).

Gomorrah to Ybarra and More: Overextraction and the Puzzle of Immoderate Group Liability, 81 Va. L. Rev. 1561-1604 (1995).

Love it or Leave It: Property Rules, Liability Rules, and Exclusivity of Remedies in Partnership and Marriage, Law & Contemp. Probs., Spring 1995, at 221-249.

Rethinking Group Responsibility and Strategic Threats in Biblical Texts and Modern Law, 71 Chi.-Kent L. Rev. 85-121 (1995).

The Anonymity Tool, 144 U. Pa. L. Rev. 2191-2236 (1996).

Coalitions and Quakes: Disaster Relief and its Prevention, 3 U. Chi. L. Sch. Roundtable 1-34 (1996).

Precommitment Politics, 82 Va. L. Rev. 567-627 (1996).

Unconditional Relationships, 76 B.U. L. Rev. 807-833 (1996).

Fables, Sagas, and Laws, 33 Willamette L. Rev. 485-496 (1997).

Judges and Economics: Normative, Positive, and Experimental Perspectives, 21 Harv. J. L. & Pub. Pol’y 129-133 (1997).

Unifying Remedies: Property Rules, Liability Rules, and Startling Rules, 106 Yale L.J. 2149-2172 (1997).

Efficiency and Conspiracy: Conflicts of Interest, Antinepotism Rules, and Separation Strategies, 66 Fordham L. Rev. 2099-2116 (1998).

Joint Custody and Strategic Behavior, 73 Ind. L.J. 429-439 (1998).

Taxes as Ballots, 65 U. Chi. L. Rev. 387-431 (1998).


A Primer on the Sale of Corporate Control (reviewing Bayne, The Philosophy of Corporate Control), 65 Tex. L. Rev. 1061-1070 (1987).

The Bonds of Law, Va. L. Sch. Rep., Fall 1989, at 24-25.

Retroactive Taxation, 3 The New Palgrave Dictionary of Economics and the Law 340-344 (Peter Newman ed., Macmillan, 1998).

Unjust Enrichment, 3 The New Palgrave Dictionary of Economics and the Law 644-648 (Peter Newman ed., Macmillan, 1998).