William Maul Measey Professor of Law and Health Sciences
Tom Baker, a preeminent scholar in insurance law, explores insurance, risk, and responsibility using methods and perspectives drawn from economics, sociology, psychology, and history. His research on health insurance exchanges is informing the development of decision tools to improve consumer choice.
- Insurance Law
- Health Care Policy
- Health Economics
- Behavioral Economics
- Law and Economics
- Law and Society
- Medical Malpractice
- Social Science and the Law
ENSURING CORPORATE MISCONDUCT: HOW LIABILITY INSURANCE UNDERMINES SHAREHOLDER LITIGATION (University of Chicago Press, 2010) (with Sean Griffith).
INSURANCE LAW AND POLICY: CASES, MATERIALS AND PROBLEMS (Aspen Publishing 2003; 2d ed. 2008; 3d ed. 2013).
THE MEDICAL MALPRACTICE MYTH (University of Chicago Press 2005) (paperback 2007).
EMBRACING RISK: THE CHANGING CULTURE OF INSURANCE AND RESPONSIBILITY (contributing editor, with Jonathan Simon, University of Chicago Press 2002).
Articles and Book Chapters
Behavioral Economics and Insurance Law: The Importance of Equilibrium Analysis, in THE OXFORD HANDBOOK OF BEHAVIORAL ECONOMICS AND THE LAW (Eyal Zamir and Doron Teichman, eds., Oxford 2014) (with Peter Siegelman).
Can Consumers Make Affordable Care Affordable? The Value of Choice Architecture, 8(12) PLOS ONE (December 18, 2013) (with Eric J. Johnson, Ran Hassin, Allison T. Bajger, & Galen Treuer) (DOI: 10.1371/journal.pone.0081521).
The Law and Economics of Liability Insurance: A Theoretical and Empirical Review, in RESEARCH HANDBOOK ON THE ECONOMICS OF TORTS 169 (Jennifer Arlen ed., Elgar 2013), reprinted in RESEARCH HANDBOOOK ON THE ECONOMICS OF INSURANCE LAW 488 (Daniel Schwarcz & Peter Siegelman eds., Elgar 2015) (with Peter Siegelman).
Predicting Securities Fraud Settlements and Amounts: A Hierarchical Bayesian Model of Federal Securities Class Action Lawsuits, 9 J. EMPIRICAL L. STUD. 482 (2012) (with Blakely McShane, Oliver Watson & Sean Griffith).
Bonded Import Safety Warranties, in IMPORT SAFETY: REGULATORY GOVERNANCE IN THE GLOBAL ECONOMY (Cary Coglianese, Adam Finkel & David Zaring, eds., Univ. Pa. Press, 2009).
The Missing Monitor in Corporate Governance: The Directors’ and Officers’ Liability Insurer, 95 GEO. L.J. 1795 (2007) (with Sean Griffith), reprinted in LAW AND ECONOMICS OF INSURANCE (Daniel Schwarcz ed., Elgar 2012).
More publications can be found here.
Liability Insurer Data as a Window on Lawyers’ Professional Liability (April 27, 2015), UC IRVINE L. REV., forthcoming; U of Penn, Inst for Law & Econ Research Paper No. 15-16 (with Rick Swedloff). (forthcoming)
Can Consumers Make Affordable Care Affordable? The Value of Choice Architecture, U. Pa. Inst. for Law & Econ., Research Paper No. 13-28 (with Eric J. Johnson, Ran Hassin, Allison T. Bajger, and Galen Treuer)
Jackpot Justice and the American Tort System: Thinking Beyond Junk Science (with Herbert M. Kritzer and Neil Vidmar) (SSRN: 2008).
Insurance Against Misinformation in the Securities Market (SSRN: 2007).
- Health Insurance
- Liability and Insurance
- Insurance Regulation
- Risk Management
Penn Law - Deputy Dean (2010-12); William Maul Measey Professor of Law and Health Sciences (2009- ); Professor (2008-09)
University of Connecticut – Connecticut Mutual Professor of Law and Director, Insurance Law Center (1997-08)
Visiting Professor – Vanderbilt, Columbia, Hebrew University of Jerusalem
University of Miami – Associate Professor (1992-97)
Covington & Burling – Associate (1987-91)
Law Clerk to the Hon. Juan Torruella, U.S. Court of Appeals for the First Circuit (1986-87)
Society for Empirical Legal Studies.
American Law and Economics Association.
American Law Institute. Reporter, Principles of Liability Insurance Project (2010-).
Insurance and Society Study Group. Founder and facilitator (1997-2008).
New Appleman Advisory Board.
Professional Liability Underwriting Society.
Sloan and Russell Sage Foundations. Working group on Behavioral Economics and the Regulation of Retail Financial Markets.
Picwell, Inc. Co-founder.
- Insurance Law and Policy
- Regulation of Health Insurance Markets
- Risk Management
- Insurance Insolvency