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Randal C. Picker
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Leffmann Professor of
Commercial Law
Senior Fellow, The Computation Institute
of the University
of Chicago and Argonne National Laboratory
The University of Chicago Law
School
1111 East 60th Street
Chicago, IL 60637
Phone: (773) 702-0864
Fax: (773) 702-0730
Email: r-picker@uchicago.edu
Law School Web Site: http://picker.uchicago.edu/
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Randal C. Picker currently teaches classes at the Law School
in Secured Transactions and Antitrust
and a seminar on antitrust and intellectual
property policy. In prior years, Professor Picker has taught Network Industries, Bankruptcy
and Copyright; Technology, Innovation and Society;
Corporate Reorganizations, Commercial Law and Civil Procedure. He has also
taught seminars on Game Theory and the Law and The Legal Infrastructure of High-Tech
Industries. In Fall, 2005, he is also teaching The Legal
Infrastructure of Business at the Graduate School of Business. In Spring
2002, he co-taught a seminar on Enron with Douglas Baird.
Randy Picker graduated from the
College of the University in 1980, cum laude, with a Bachelor of Arts in
economics and was elected to Phi Beta Kappa. He then spent two years in the
Department of Economics, where he was a Friedman Fellow, completing his
doctoral course work and exams. He received a masters degree in 1982. Thereafter,
he attended the Law
School and graduated in
1985 cum laude. He is a member of the Order of the Coif. While at the Law School,
Mr. Picker was an associate editor of the Law Review. After graduation,
Mr. Picker clerked for Judge Richard A. Posner of the United States Court of
Appeals for the Seventh Circuit. He then spent three years with Sidley &
Austin in Chicago,
where he worked in the areas of debt restructuring and corporate
reorganizations in bankruptcy.
Mr. Picker is a member of the
National Bankruptcy Conference and served as project reporter for the
Conference’s Bankruptcy Code Review Project. He is also a commissioner to the
National Conference of Commissioners on Uniform State Laws and served as a
member of the drafting committee to revise Article 9 of the Uniform Commercial
Code. He is the author, along with Douglas Baird and Thomas Jackson, of Security
Interests in Personal Property: Cases, Problems and Materials (3rd ed.,
Foundation Press, 2002). Professor Picker is also the author of Game Theory and the Law, co-authored with Douglas G.
Baird and Robert Gertner.
His recent research has focused on copyright issues, including
digital distribution and the digital video recorder (TiVo); antitrust issues in
high-tech industries, including the Microsoft case and the Federal Trade
Commission’s case against Intel and the role of cross-licensing of intellectual
property; cyber-security; and telecommunications, including pieces on the 1996
Telecommunications Act’s unbundling regime and the intersection of antitrust
and the 1996 Act. He has also extended his analysis of game theory and the law
by incorporating agent-based computer
simulations.
Recent Talks, Working Papers, Publications and
Commentaries
Antitrust
Bankruptcy
Intellectual
Property
- Rewinding Sony: The Evolving
Product, Phoning Home, and the Duty of Ongoing Design
(prepublication draft, 2005)
- Copyright and the DMCA:
Market Locks and Technological Contracts
(prepublication draft, 2005)
- The Digital Video Recorder:
Unbundling Advertising and Content
(71 University of Chicago
Law Review 205 (2004) (prepublication draft)
- From Edison to the Broadcast
Flag: Mechanisms of Consent and Refusal and the Propertization of
Copyright
(The University
of Chicago Law Review,
Winter, 2003) (prepublication draft)
- Copyright as Entry Policy: The Case of Digital
Distribution
(The Antitrust Bulletin, Summer-Fall, 2002) (prepublication draft)
- Ninth Circuit Addresses Image Hyperlinking
February, 2002
- European
Union Database Developments: An Update on the Status of Intellectual
Property Protections for Factual Compilations
August, 2001 (with Alan C. Raul)
- Webcasting
and Radio Stations
August, 2001
- E-Commerce
and Old-Fashioned Contracts
July, 2001
- New
York Times v. Tasini
AT-IP Report, Electronic Newsletter of the Intellectual Property
Committee, ABA
Section of Antitrust Law, June
25, 2001
- Modified
Beam-it, Napster could be happy compromise,
CNN Online, May 17,
2000 (a longer version is available at Writ)
Network
Industries
- Cyber Security: Of
Heterogeneity and Autarky
Prepared for The Law and Economics of Cyber Security (George Mason, June,
2004)
- Natural Monopoly and Its Regulation
Chicago’s Best
Ideas, Lecture Series, April, 2003
- Entry in Local
Telecommunications: Iowa Utilities and Verizon
(forthcoming, The Supreme Court Review, 2003) (with Douglas Lichtman)
- Understanding Statutory
Bundles: Does the Sherman Act Come with the 1996 Telecommunications Act?
Prepared for a Dec. 9, 2002 conference at the Center for the Digital
Economy at the Manhattan Institute
- Introduction to
Electricity Regulation
University of Chicago/Argonne
National Laboratories Agents 2002 Presentation, October, 2002
- Fat
Pipes and Faulty Regulation
The Financial Times, December
19, 2000
- Regulating
Network Industries: A Look at Intel
23 Harvard Journal of Law & Economics 159 (1999) (prepublication
draft)
Courses:
- Antitrust
Law, Winter, 2006
This is a basic course on antitrust law, with special emphasis on how
modern technology might challenge traditional antitrust principles. Topics
include Rule of Reason vs. per se analysis, analysis of joint ventures,
predatory pricing, as set forth in more detail in the syllabus.
- The
Legal Infrastructure of Business, Fall, 2005, GSB 42201
Almost every business decision has legal consequences or takes place
in an extensive legal framework. Entrepreneurs and managers can no more
ignore the laws of the state than they can the laws of physics. This
course will provide a general introduction to law and business. It will do
so using traditional legal analysis, supplemented by a substantial use of
law and economics. Topics to be covered include: choice of corporate form;
capital markets laws; the role of monitors; antitrust; intellectual
property; standard setting; and telecommunications and the regulation of
natural monopoly, as set forth in more detail in the syllabus.
- Secured
Transactions, Fall, 2005
This course covers security interests in personal property. With the
new Article 9 of the Uniform Commercial Code going effective in most
states as of July 1, 2001, we are at a point of transition. The good news
is that most of the fundamentals from the prior law continue in the new
law, plus many unresolved issues are covered by the new statute. For
details, see the syllabus.
- Seminar
on Antitrust and Intellectual Property Policy, Spring, 2006
This seminar will look at issues relating to shared property systems.
Likely topics to be covered include IP licensing; derivative works in
copyright; reverse engineering of trade secrets; copyright collectives;
patent pools; the essential facilities doctrine; open source software; and
wi-fi communications. For details, see the syllabus.
- Network
Industries, Fall, 2004
This is a course in the regulation of natural monopoly, both physical
and virtual. The course examines basic issues in the public and private
creation of network industries, such as the railroad, the telegraph, the
electricity transmission grid and the telecommunications grid, before
turning to modern virtual networks. We also consider the transition to
digital television in the United States, as well as rules regulating
national TV station ownership and satellite broadcasting. We consider the
constitutional dimensions of rate of return regulation, practical issues
in rate design, such as incentive-based regulation, two-part pricing, and
Ramsey pricing. We also examine in detail the modern approach to
unbundling networks, as seen under the Telecommunications Act of 1996 and
the Energy Policy Act of 1992, all as set forth in more detail in the syllabus.
- Enron,
Spring, 2002
This seminar tracks developments in the collapse of Enron. Issues to
be considered including deal structure of special purpose entities,
accounting issues, duties of boards of directors and the indictment of
Arthur Andersen, all as set forth in more detail in the syllabus.
- Bankruptcy,
Winter, 2005
This is a basic course on bankruptcy law. Topics are set forth in
detail in the syllabus.
- Copyright,
Spring, 2005
This is a basic course on copyright law. Topics are set forth in
detail in the syllabus.
Copyright
© 2000-05, Randal C. Picker. All Rights Reserved.