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
For Third Enrollment Period, Marketplaces Expand Decision Support Tools to Assist Consumers, 35 HEALTH AFF. 680 (2016) (with Charlene A. Wong, Daniel E. Polsky, Arthur T. Jones, Janet Weiner, and Robert J. Town).
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).
Putting the Health Back in Health Insurance, 71 MED. CARE RES. & REV. 337 (2014) (with Pavel Atanasov).
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).
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.
The Forfeiture of Coverage Defenses Rule: an Economic Analysis (July 25, 2017). Northwestern Law & Econ Research Paper No. 17-10; U of Penn, Inst for Law & Econ Research Paper No. 17-32 (with Ezra Friedman and Kyle D. Logue). (forthcoming)
In Defense of the Restatement of Liability Insurance Law (April 14, 2017). U of Michigan Law & Econ Research Paper No. 17-001; U of Penn, Inst for Law & Econ Research Paper No. 17-15 (with Kyle D. Logue). (forthcoming)
Regulating Robo Advice Across the Financial Services Industry (March 13, 2017), 103 IOWA L. REV. __ (forthcoming); U of Penn, Inst for Law & Econ Research Paper No. 17-11 (with Benedict G. C. Dellaert). (forthcoming)
Mutually Assured Protection Among Large U.S. Law Firms (February 19, 2017), 24 CONN. INS. L.J. __ (forthcoming); U of Penn, Inst for Law & Econ Research Paper No. 16-17. (with Rick Swedloff). (forthcoming)
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).
- Liability and Insurance
- Insurance Regulation
- Risk Management
- Health Insurance
- Financial Services Regulation
Penn Law - William Maul Measey Professor of Law and Health Sciences (2009- ); Professor (2008-09); Deputy Dean (2010-12).
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 (2010-14). Reporter, Restatement of the Law, Liability Insurance (2014-)
Insurance and Society Study Group. Founder and facilitator (1997-2008).
Professional Liability Underwriting Society.
Picwell, Inc. Co-founder.
Law and Society Association.
- Insurance Law and Policy
- Financial Regulation Law and Policy
- The Fintech Challenge
- Regulation of Health Insurance Markets
- Risk Management
- Insurance Insolvency
- Liability and Insurance