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Research Interests

Professor Felli's research has focused on contract theory -- in particular on the question: Why are contracts incomplete? -- and also explored political lobbying, the optimal internal structure of organizations in the presence of collusion, blackmail and whistle-blowing, as well as wage determination and workers' mobility in the presence of firm-specific human capital.

Recent Publications

Felli, L. and Harris, C. Firm-Specific Training, Journal of Economic Theory vol 175 (2018) pp. 585-623

Cambridge Working Papers in Economics

Calzolari, G., Felli, L., Koenen, J., Spagnolo, G. and Stahl, K. O. Relational Contracts and Trust in a High-Tech Industry, (2021) CWPE2154

Research Activities

The Faculty Addresses Brexit, post-COVID Challenges and Diversity
As incoming chair of the Faculty of Economics Professor Leonardo Felli has faced unprecedented challenges, and his first year would be unusual year in every possible way.
Published on - Monday 14th December 2020

Institute for New Economic Thinking (INET)

The Cambridge-INET Institute
Cambridge-INET Management Committee Member
Cambridge-INET Advisory Board Member

Keynes Fund Affiliation

Keynes Fund Manager


PIIA Paper 1 - Lent - Economics of Uncertainty and Information

Leonardo Felli

Chair of the Faculty
Professor of Economics

Research Group:
Microeconomic Theory

Contact Details
Room: 6
Office Hours: Wednesdays 2.00 - 4.00pm