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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

Published Papers

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

Cambridge Working Papers in Economics

Anderlini, L., Felli, L., Piccone, M. The Emergence of Enforcement, (2022) CWPE2250
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

Cambridge’s Economics and Econometrics recognised in REF 2021
The results from the latest Research Excellence Framework (REF) have highlighted the global impact of the University of Cambridge’s research in the field of economics, with an acknowledgement of the world leading quality of our overall research submission marked by both an increase in GPA, and an increase in the percentage of the submission scored as ‘world leading’.
Published on - Thursday 12th May 2022

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

Leonardo Felli

Professor of Economics

On sabbatical leave

Research Group:
Microeconomic Theory

Contact Details
Room: 6
Office Hours: On sabbatical leave