Leonardo Felli

Professor Leonardo Felli is a prominent academic in the Faculty of Economics at the University of Cambridge. Previously, he served as Professor of Economics at the University of Edinburgh and London School of Economics (LSE). His research focuses on economic theory, contract theory, game theory, and organizational economics, with particular emphasis on relational contracts, enforcement mechanisms, and legal institutions.

• University of Cambridge (Current)
• University of Edinburgh (Former)
• London School of Economics (Former)

His scholarly work explores complex contractual arrangements, including trust dynamics in vertical relationships, collusion mechanisms, and legal efficiency. Recent publications analyze enforcement emergence in contractual settings and relational contracts in high-tech industries.

Key themes in his research include incomplete contracts, transaction costs, and strategic interactions across legal and economic frameworks. He has contributed extensively to understanding how unforeseen contingencies and information asymmetry shape organizational and market behavior.

Professor Felli has published in top journals including the Journal of Economic Theory, with notable works on firm-specific training, stare decisis, and bankruptcy procedures. His research spans theoretical and applied economics, often intersecting with legal and policy implications.