Wikipedia

Oren Bar-Gill

Oren Bar-Gill is an Israeli-American lawyer, economist, and academic. He is William J. Friedman and Alicia Townsend Friedman Professor of Law and Economics at Harvard Law School,[1] and a Sackler Fellow at Tel Aviv University.[2] He is most known for his research in contract law (especially consumer contracts), law and economics, and behavioral law and economics.[3]

Oren Bar-Gill
Born1975
NationalityIsraeli and American
Occupation(s)Lawyer, economist, academic, and author
AwardsYoung Scholar Medal, American Law Institute
Academic background
EducationB.A., Economics
LL.B.
M.A., Law & Economics
LL.M. (Master of Laws)
Ph.D., Economics
S.J.D., Doctorate in Law
Alma materTel-Aviv University
Tel-Aviv University School of Law
Harvard Law School
Academic work
InstitutionsHarvard Law School

Bar-Gill is the author of a book entitled, Seduction by Contract: Law, Economics, and Psychology in Consumer Markets,[4] and has published over 60 academic articles. His research spans the field of consumer economics, with particular emphasis on the relationships between consumers and commercial entities,[5] and consumer psychology, and it derives legal policy implications aimed at helping consumers.[6] Since 2005, he has been serving as Council Member for Gerson Lehrman Group. He is the Editor-in-Chief of Journal of Legal Analysis,[7] Associate Editor of Behavioral Science & Policy,[8] and is associated with the advisory boards of Singapore Journal of Legal Studies,[9] U.S. Financial Diaries,[10] and Berlin Center for Consumer Policies,[11] He serves (together with Omri Ben-Shahar and Florencia Marotta-Wurgler) as Reporter for the Restatement of the Law, Consumer Contracts.[12][13]

Early life and education edit

Bar-Gill was born in 1975 in Israel to parents Aharon and Nechama. Being raised in Israel, he completed his high school studies at Ort Kiryat Bialik in 1992. He graduated from Tel-Aviv University with a B.A. degree in economics in 1995. He then earned an LL.B., as well as an M.A. degree in Law and Economics from Tel-Aviv University in 1996. He has two doctorate degrees, in economics and in law. Prior to receiving a Ph.D. degree in economics at Tel-Aviv University in 2002, he enrolled at Harvard Law School and earned an LL.M. degree in 2001. Later on, he completed his S.J.D. (Doctorate in Law) from Harvard Law School, with a dissertation titled "Essays in Law and Economics."[14][15]

Career edit

Bar-Gill started his academic career as a Junior Fellow at Harvard University's Society of Fellows, from 2002 until 2004. In 2005, he became an assistant professor at New York University School of Law. He was promoted to associate professor in 2007, and to Professor in 2009. In 2013, he became the Evelyn and Harold Meltzer Professor of Law and Economics at New York University School of Law. In 2014, he moved to Harvard Law School, where he serves as William J. Friedman and Alicia Townsend Friedman Professor of Law and Economics.[16] Bar-Gill has also been serving as Sackler Fellow and visiting professor of law at Tel Aviv University since 2017.

Bar-Gill was the Director of the NYU Center for Law, Economics and Organization from 2009 until 2013.[16]

Research edit

Bar-Gill has published a book and over 60 articles on topics related to contracts (with a focus on consumer contracts), law and economics, and behavioral law and economics.[17][18] His research has been featured by numerous magazines, such as The New Republic,[19] Time,[20] The Regulatory Review,[21] Slate,[22] and The Intercept.[23]

Bar-Gill's book, Seduction by Contract: Law, Economics and Psychology in Consumer Markets, explores how consumer contracts emerge from the interaction between market forces and consumer psychology. Adam B. Badawi regards Bar-Gill as "one of the foremost and influential proponents of a behaviorist take on contracts," and notes Bar-Gill's portrayal of "consumers as the targets of temptation."[24] Hugh Collins is of the view that the book "consists of a detailed explanation of [the interaction between market forces and consumer psychology], exploring credit cards, mortgages, and cell phones."[19]

In other work, Bar-Gill argued for establishing the Consumer Financial Protection Bureau (CFPB), explaining that, prior to the creation of the CFPB, regulators with authority to police Consumer Financial Products (CFPs) lack the motivation to do so and that regulators with motivation to protect consumers lack authority over important CFP sellers.[25] In his article, titled "Seduction by contract: do we understand the documents we sign?" he described how policymakers are paying increasing attention to the problem of how behavioral market failures hurt consumers and undermine efficiency, and are responding with increasingly sophisticated regulatory tools. He also highlighted the dire need for designing "disclosures that can really empower consumers and solve the behavioral market failure."[26] In 2021, Bar-Gill, together with Omri Ben-Shahar from the University of Chicago, developed a new theory of manipulation in consumer markets—one that focuses on how truthful information is prioritized.[27]

In his 2019 study, Bar-Gill provided an account of simple disclosures like genetically modified food disclosures, and how they might cause market distortions and inefficiencies, when consumers draw false inferences from the disclosure, and when the disclosure of one dimension elevates this dimension at the expense of other dimensions, and consequently distorts demand for the product and might even alter the product itself.[28] More recently, he presented his viewpoints on the relationship that exists between the informational content of willingness to pay (WTP) and the wealth distribution, while discussing the effect of forward-looking rationality on the WTP measure.[29] Furthermore, in an article co-authored with Ariel Porat from Tel Aviv University, Bar-Gill highlighted how the prospect of a sale affects the seller's incentive to investigate, and what possible impact the disclosure rules of contract law have on the investigation decision.[30]

Awards and honors edit

  • 1999-2000 - Cegla Fellowship, Tel-Aviv University School of Law
  • 2000-2001 - Gammon Fellowship, Harvard Law School
  • 2000-2002 - Fulbright Fellowship
  • 2000-2002 - Graduate Fellowship, Harvard Law School
  • 2000-2004 - Olin Fellowship in Law, Economics and Business, Harvard Law School
  • 2003 - Recipient of a research grant from the William F. Milton Fund, Harvard University
  • 2003 - Olin Prize for Best Paper in Law and Economics, Harvard Law School
  • 2009 - Best Paper Award, American College of Consumer Financial Services Lawyers
  • 2011 - Young Scholar Medal, American Law Institute[31]
  • 2013 - Podell Distinguished Teaching Award
  • 2013 - "Teacher of the Year" Award, Association of American Law Schools (AALS)
  • 2017 - Best Paper Prize, American Law and Economics Review[32]

Bibliography edit

Books edit

  • Seduction by Contract: Law, Economics, and Psychology in Consumer Markets (2012) ISBN 9780199663361

Selected articles edit

  • Bar-Gill, O., & Bebchuk, L. A. (2002). Misreporting corporate performance. Harvard law and economics discussion paper.
  • Bar-Gill, O. (2003). Seduction by plastic. Nw. UL Rev., 98, 1373.
  • Bar-Gill, O. (2007). The behavioral economics of consumer contracts. Minn. L. Rev., 92, 749.
  • Bar-Gill, O. (2008). The law, economics and psychology of subprime mortgage contracts. Cornell L. Rev., 94, 1073.
  • Bar-Gill, O., & Warren, E. (2008). Making credit safer. U. Pa. L. Rev., 157, 1.
  • Bar-Gill, O., & Persico, N. (2016). Exchange Efficiency with Weak Ownership Rights. American Economic Journal: Microeconomics 8, 230.
  • Bar-Gill, O. (2019). Algortihmic Price Discrimination: When Demand Is a Function of Both Preferences and (Mis)perceptions. University of Chicago Law Review 86, 217.
  • Bar-Gill, O., & Porat, A. (2020). Disclosure Rules in Contract Law. Journal of Legal Studies, 49, 103.

References edit

  1. ^ "Oren Bar-Gill". Harvard Law School.
  2. ^ "Prof. Oren Bar-Gill". Tel Aviv University.
  3. ^ "Oren BAR-GILL | Ph.D. | New York University, NY | NYU | Research profile".
  4. ^ Collins, Hugh (2014). "Reviewed work: Seduction by Contract: Law, Economics, and Psychology in Consumer Markets, Oren Bar-Gill". The Modern Law Review. 77 (6): 1030–1036. doi:10.1111/1468-2230.12093. JSTOR 43829092.
  5. ^ "Oren Bar-Gill: Frontiers of Consumer Law" – via www.youtube.com.
  6. ^ "Oren Bar-Gill". scholar.google.com.
  7. ^ "Editorial Board - Journal of Legal Analysis".
  8. ^ "Editorial Board | Behavioral Science & Policy Association". behavioralpolicy.org.
  9. ^ "SINGAPORE JOURNAL OF LEGAL STUDIES".
  10. ^ "About Us". U.S. Financial Diaries.
  11. ^ "Advisory Board". www.bccp-berlin.de.
  12. ^ "ERCL EUROPEAN REVIEW OF CONTRACT LAW" (PDF).
  13. ^ Institute, The American Law. "Current Projects". American Law Institute.
  14. ^ "Prof. Oren Bar-Gill | The Buchmann Faculty of Law". en-law.tau.ac.il.
  15. ^ Frey, Jennifer. "Introducing Oren Bar-Gill | NYU Law Magazine".
  16. ^ a b "Oren Bar-Gill".
  17. ^ Bar-Gill, Oren; Warren, Elizabeth. "Making Credit Safer". University of Pennsylvania Law Review. 157: 1.
  18. ^ Bar-Gill, Oren. "Seduction by Plastic". Northwestern University Law Review. 98: 1373.
  19. ^ a b Sunstein, Cass R. (October 5, 2012). "Show Me the Money". The New Republic.
  20. ^ Kiviat, Barbara (May 12, 2009). "The Real Problem with Credit Cards: The Cardholders". Time.
  21. ^ "Promoting Justice in Credit Markets". The Regulatory Review. May 20, 2021.
  22. ^ Perhach, Paulette (June 2, 2016). "Can Behavioral Economics Keep Us out of Debt?". Slate Magazine.
  23. ^ Cohen, Rachel M. (January 30, 2020). "Elizabeth Warren's Little-Known History in an Obscure but Influential Legal Organization". The Intercept.
  24. ^ "Rationality's Reach".
  25. ^ Bar-Gill, Oren (November 19, 2009). "Argument for a consumer finance protection agency is strong, despite criticism".
  26. ^ "Seduction by contract: do we understand the documents we sign?". OUPblog. August 1, 2012.
  27. ^ "Manipulation by Mislaid Priorities". blogs.law.ox.ac.uk. 14 June 2021.
  28. ^ Bar-Gill, Oren (April 16, 2021). "Smart disclosure: promise and perils". Behavioural Public Policy. 5 (2): 238–251. doi:10.1017/bpp.2019.24. S2CID 202435449 – via Cambridge University Press.
  29. ^ "Willingness to Pay: A Welfarist Reassessment" (PDF).
  30. ^ Bar-Gill, Oren; Porat, Ariel (January 1, 2020). "Disclosure Rules in Contract Law". The Journal of Legal Studies. 49 (1): 103–152. doi:10.1086/707996. S2CID 22270627 – via journals.uchicago.edu (Atypon).
  31. ^ Institute, The American Law. "Awards - The American Law Institute". American Law Institute.
  32. ^ "The Distinguished Article Prize of the ALER".
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