Leonardo Felli

University of Cambridge, Faculty of Economics

Professor

Austin Robinson Building

Sidgwick Avenue

Cambridge, CB3 9DD

United Kingdom

http://www.felli.info

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5

Munich, DE-81679

Germany

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

SCHOLARLY PAPERS

39

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5,674

SSRN CITATIONS
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Top 2,984

in Total Papers Citations

108

CROSSREF CITATIONS

332

Scholarly Papers (39)

1.

Ex-Ante Efficiency of Bankruptcy Procedures

Number of pages: 14 Posted: 08 Jan 1997
Francesca Cornelli and Leonardo Felli
London Business School and University of Cambridge, Faculty of Economics
Downloads 648 (48,340)
Citation 8

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Gender and Racial Biases: Evidence from Child Adoption

CESifo Working Paper Series No. 2921
Number of pages: 51 Posted: 02 Feb 2010
Washington University in St. Louis, Duke University, University of Cambridge, Faculty of Economics and Princeton University
Downloads 474 (70,937)

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child adoption, gender bias, racial bias, search, matching

Gender and Racial Biases: Evidence from Child Adoption

CEPR Discussion Paper No. DP7647
Number of pages: 60 Posted: 08 Feb 2010
Washington University in St. Louis, Duke University, University of Cambridge, Faculty of Economics and Princeton University
Downloads 4 (756,925)
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Child Adoption, Gender Bias, Matching, Racial Bias, Search

3.

Costly Contingent Contracts

Number of pages: 61 Posted: 13 Nov 1996
Leonardo Felli and Luca Anderlini
University of Cambridge, Faculty of Economics and Georgetown University - Department of Economics
Downloads 439 (78,558)

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4.

How to Sell a (Bankrupt) Company

Number of pages: 38 Posted: 30 Mar 2000
Francesca Cornelli and Leonardo Felli
London Business School and University of Cambridge, Faculty of Economics
Downloads 403 (86,846)

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Bankruptcy, control stakes, auction

5.

Courts of Law and Unforeseen Contingencies (Second Version)

USC CLEO Research Paper No. C02-4, PIER Working Paper No. 06-001 , Univ. of Pennsylvania, Institue for Law and Economics Research Paper No. 06-15, Journal of Law, Economics, and Organization Advance Acces, September 2006
Number of pages: 33 Posted: 23 Jun 2006
Leonardo Felli, Luca Anderlini and Andrew Postlewaite
University of Cambridge, Faculty of Economics, Georgetown University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 362 (98,291)
Citation 1

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courts of law, unforeseen contingencies, precedents, incentives, insurance

6.
Downloads 361 ( 98,898)
Citation 10

Statute Law or Case Law?

Number of pages: 49 Posted: 22 Jul 2008 Last Revised: 22 Sep 2008
Luca Anderlini, Leonardo Felli and Alessandro Riboni
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and Ecole Polytechnique, Paris - Laboratoire d'Econometrie
Downloads 164 (216,048)
Citation 12

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Statute Law or Case Law?

CESifo Working Paper Series No. 2358
Number of pages: 54 Posted: 30 Jul 2008
Luca Anderlini, Leonardo Felli and Alessandro Riboni
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and Ecole Polytechnique, Paris - Laboratoire d'Econometrie
Downloads 135 (252,779)

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statute law, case law, flexibility, rigidity, time-inconsistency, precedents

Statute Law or Case Law?

LSE STICERD Research Paper No. TE528
Number of pages: 52 Posted: 13 May 2009
Luca Anderlini, Leonardo Felli and Alessandro Riboni
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and Ecole Polytechnique, Paris - Laboratoire d'Econometrie
Downloads 61 (421,084)

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Statute Law or Case Law?

CEPR Discussion Paper No. DP6912
Number of pages: 52 Posted: 20 Aug 2008
Luca Anderlini, Leonardo Felli and Alessandro Riboni
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and Ecole Polytechnique, Paris - Laboratoire d'Econometrie
Downloads 1 (791,701)
Citation 1
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Case Law, Flexibility, Incomplete Laws, Precedents, Rigidity, Statute Law, Time-Inconsistency

Should Courts Always Enforce What Contracting Parties Write?

CESifo Working Paper No. 1847, PIER Working Paper No. 03-026, U of Penn, Inst for Law & Econ Research Paper No. 03-30
Number of pages: 50 Posted: 11 Nov 2003
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 291 (124,065)
Citation 7

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optimal courts, informational externalities, ex-ante welfare

Should Courts Always Enforce What Contracting Parties Write?

PIER Working Paper No. 09-004
Number of pages: 16 Posted: 26 Jan 2009
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 42 (498,336)
Citation 6

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Optimal Courts, Informational Externalities, Ex-Ante Welfare

Should Courts Always Enforce What Contracting Parties Write?

Number of pages: 53 Posted: 11 Feb 2004
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 24 (601,022)
Citation 1
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Optimal courts, informational externalities, parties' ex-ante welfare

8.
Downloads 223 (162,987)
Citation 22

Endogenous Lobbying

Number of pages: 36 Posted: 19 Apr 2000
Leonardo Felli and Antonio Merlo
University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 185 (193,573)

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Lobbying, citizen-candidate, representative democracy, electoral competition

Endogenous Lobbying

LSE STICERD Research Paper No. TE448
Number of pages: 37 Posted: 16 Jul 2008
Leonardo Felli and Antonio Merlo
University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 20 (629,862)

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Endogenous Lobbying

Number of pages: 33 Posted: 14 Feb 2002
Leonardo Felli and Antonio Merlo
University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 18 (644,758)
Citation 4
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Endogenous lobbying, citizen-candidate model, representative democracy

9.
Downloads 202 (178,804)
Citation 36

Does Competition Solve the Hold-Up Problem?

CARESS Working Paper No. 00-04
Number of pages: 55 Posted: 02 Jun 2000
Leonardo Felli and Kevin W.S. Roberts
University of Cambridge, Faculty of Economics and Nuffield College, Oxford
Downloads 134 (254,291)
Citation 30

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Does Competition Solve the Hold-Up Problem?

LSE STICERD Research Paper No. TE414
Number of pages: 63 Posted: 16 Jul 2008
Leonardo Felli and Kevin W.S. Roberts
University of Cambridge, Faculty of Economics and Nuffield College, Oxford
Downloads 39 (512,735)

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Does Competition Solve the Hold-Up Problem?

Number of pages: 63 Posted: 13 Oct 2002
Leonardo Felli and Kevin W.S. Roberts
University of Cambridge, Faculty of Economics and Nuffield College, Oxford
Downloads 29 (567,534)
Citation 5
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Hold-up problem, competition, matching, specific investments

Does Competition Solve the Hold‐Up Problem?

Economica, Vol. 83, Issue 329, pp. 172-200, 2016
Number of pages: 29 Posted: 18 Jan 2016
Leonardo Felli and Kevin W.S. Roberts
University of Cambridge, Faculty of Economics and Nuffield College, Oxford
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10.
Downloads 200 (180,447)
Citation 12

Costly Bargaining and Renegotiation

CESifo Working Paper Series No. 213
Number of pages: 49 Posted: 02 Nov 1999
Luca Anderlini and Leonardo Felli
Georgetown University - Department of Economics and University of Cambridge, Faculty of Economics
Downloads 179 (199,276)
Citation 2

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Optional bargaining costs, inefficient bargaining outcomes, renegotiation, imperfect recall

Costly Bargaining and Renegotiation

LSE STICERD Research Paper No. TE361
Number of pages: 44 Posted: 16 Jul 2008
Luca Anderlini and Leonardo Felli
Georgetown University - Department of Economics and University of Cambridge, Faculty of Economics
Downloads 21 (622,568)

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11.

Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers

CESifo Working Paper Series No. 5229
Number of pages: 52 Posted: 12 Mar 2015
European University Institute - Economics Department (ECO), University of Cambridge, Faculty of Economics, ARC Econ GmbH, Stockholm School of Economics (SITE) and University of Mannheim - Department of Economics
Downloads 192 (187,208)

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trust, hold-up problem, competition, innovation, specific investment, procurement, relational contracts, management practices, suppliers, car manufacturers, German automotive industry

12.

Competition and Hold-Ups

Number of pages: 21 Posted: 12 Aug 1999
Leonardo Felli and Kevin W.S. Roberts
University of Cambridge, Faculty of Economics and Nuffield College, Oxford
Downloads 186 (192,693)

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Competition and Trust: Evidence from German Car Manufacturers

CESifo Working Paper Series No. 3358
Number of pages: 39 Posted: 24 Feb 2011
Leonardo Felli, Johannes Koenen and Konrad O. Stahl
University of Cambridge, Faculty of Economics, ARC Econ GmbH and University of Mannheim - Department of Economics
Downloads 119 (278,184)

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trust, hold-up problem, competition, specific investment, suppliers, car manufacturers, German automotive industry

Competition and Trust: Evidence from German Car Manufacturers

ZEW - Centre for European Economic Research Discussion Paper No. 11-072
Number of pages: 42 Posted: 18 Jan 2012
Leonardo Felli, Johannes Koenen and Konrad O. Stahl
University of Cambridge, Faculty of Economics, ARC Econ GmbH and University of Mannheim - Department of Economics
Downloads 60 (424,625)
Citation 1

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Trust, Hold-up problem, Competition, Specifi c investment, Suppliers, Car manufacturers, German automotive industry

Competition and Trust: Evidence from German Car Manufacturers

CEPR Discussion Paper No. DP8265
Number of pages: 41 Posted: 14 Mar 2011
Leonardo Felli, Johannes Koenen and Konrad O. Stahl
University of Cambridge, Faculty of Economics, ARC Econ GmbH and University of Mannheim - Department of Economics
Downloads 1 (791,701)
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Car manufacturers, Competition, German automotive industry, Hold-up problem, Specific investment, Suppliers, Trust

14.
Downloads 144 (239,126)
Citation 7

Legal Institutions, Innovation and Growth

CESifo Working Paper Series No. 3489
Number of pages: 43 Posted: 15 Jun 2011
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics, University of Salerno - Centre for Studies in Economics and Finance (CSEF) and Ecole Polytechnique, Paris - Laboratoire d'Econometrie
Downloads 142 (242,603)
Citation 1

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legal system, commitment, flexibility, innovation, growth

Legal Institutions, Innovation and Growth

CEPR Discussion Paper No. DP8433
Number of pages: 45 Posted: 16 Jun 2011
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics, University of Salerno - Centre for Studies in Economics and Finance (CSEF) and Ecole Polytechnique, Paris - Laboratoire d'Econometrie
Downloads 1 (791,701)
Citation 2
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Commitment, Flexibility, Growth, Innovation, Legal System

Legal Institutions, Innovation, and Growth

International Economic Review, Vol. 54, Issue 3, pp. 937-956, 2013
Number of pages: 20 Posted: 18 Jul 2013
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics, University of Salerno - Centre for Studies in Economics and Finance (CSEF) and Ecole Polytechnique, Paris - Laboratoire d'Econometrie
Downloads 1 (791,701)
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15.

Undescribable Events

Number of pages: 58 Posted: 28 Jan 2004
Nabil I. Al-Najjar, Luca Anderlini and Leonardo Felli
Northwestern University - Kellogg School of Management, Georgetown University - Department of Economics and University of Cambridge, Faculty of Economics
Downloads 132 (256,281)
Citation 1

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undescribable events, incomplete contracts, finite invariance, fine variability.

16.

Should Courts Always Enforce What Contracting Parties Write? Second Version

PIER Working Paper No. 06-024, University of Pennsylvania, Institute for Law & Economics Research Paper No. 06-24
Number of pages: 34 Posted: 20 Oct 2006
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 127 (263,844)
Citation 2

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Optimal Courts, Informational Externalities, Ex-Ante Welfare

17.

Collusion, Blackmail and Whistle-Blowing

CESifo Working Paper Series No. 5343
Number of pages: 37 Posted: 19 May 2015
Leonardo Felli and Rafael Hortala-Vallve
University of Cambridge, Faculty of Economics and London School of Economics & Political Science (LSE) - Department of Government
Downloads 115 (283,740)
Citation 1

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collusion, blackmail, whistle-blowing and communication

18.
Downloads 104 (304,242)
Citation 10

Active Courts and Menu Contracts

PIER Working Paper No. 06-025, CESifo Working Paper No. 1852
Number of pages: 24 Posted: 20 Oct 2006
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 77 (370,488)
Citation 10

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Optimal Courts, Informational Externalities, Ex-ante Welfare, Informed Principal, Menu Contracts

Active Courts and Menu Contracts

LSE STICERD Research Paper No. TE511
Number of pages: 26 Posted: 16 Jul 2008
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 27 (580,293)

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19.

Does Competition Solve the Hold-Up Problem?

Number of pages: 56 Posted: 19 Feb 2001
Leonardo Felli and Kevin W.S. Roberts
University of Cambridge, Faculty of Economics and Nuffield College, Oxford
Downloads 99 (314,285)

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20.

Technological Innovations: Slumps and Booms

Number of pages: 26 Posted: 12 Apr 1998
Leonardo Felli and François Ortalo-Magné
University of Cambridge, Faculty of Economics and Wisconsin School of Business
Downloads 99 (314,285)

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21.
Downloads 79 (361,270)
Citation 7

Why Stare Decisis?

Number of pages: 36 Posted: 28 May 2010
Luca Anderlini, Leonardo Felli and Alessandro Riboni
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and Ecole Polytechnique, Paris - Laboratoire d'Econometrie
Downloads 74 (379,136)
Citation 3

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C79, D74, D89, K40, L14.

Why Stare Decisis?

CEPR Discussion Paper No. DP8266
Number of pages: 39 Posted: 14 Mar 2011
Luca Anderlini, Leonardo Felli and Alessandro Riboni
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and Ecole Polytechnique, Paris - Laboratoire d'Econometrie
Downloads 5 (748,344)
Citation 1
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Case Law, Precedents, Stare Decisis, Time-Inconsistency

22.

Endogenous Lobbying, Second Version

Number of pages: 41 Posted: 08 Dec 2004
Leonardo Felli and Antonio Merlo
University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 79 (361,270)
Citation 1

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Lobbying, citizen-candidate, representative democracy, electoral competition

23.

Bounded Rationality and Incomplete Contracts

LSE STICERD Research Paper No. TE407
Number of pages: 41 Posted: 16 Jul 2008
Luca Anderlini and Leonardo Felli
Georgetown University - Department of Economics and University of Cambridge, Faculty of Economics
Downloads 77 (366,636)

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24.
Downloads 74 (375,023)
Citation 1

Firm-Specific Training

LSE STICERD Research Paper No. TE473
Number of pages: 41 Posted: 16 Jul 2008
Leonardo Felli and Christopher Harris
University of Cambridge, Faculty of Economics and University of Cambridge - Department of Applied Economics
Downloads 57 (435,656)

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Firm-Specific Training

Number of pages: 38 Posted: 19 Oct 2004
Leonardo Felli and Christopher Harris
University of Cambridge, Faculty of Economics and University of Cambridge - Department of Applied Economics
Downloads 17 (652,353)
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Firm-specific training, productivity-enhancement, employee evaluation, firm-specific human capital

Firm-Specific Training

CEPR Discussion Paper No. DP12748
Number of pages: 58 Posted: 26 Feb 2018
Leonardo Felli and Christopher Harris
University of Cambridge, Faculty of Economics and University of Cambridge - Department of Applied Economics
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Specific human capital; Training; Learning-by-doing; Turnover; Productivity enhancement; Employee evaluation

25.
Downloads 70 (386,638)

Unforeseen Contingencies

LSE STICERD Research Paper No. TE431
Number of pages: 52 Posted: 16 Jul 2008
Nabil I. Al-Najjar, Luca Anderlini and Leonardo Felli
Northwestern University - Kellogg School of Management, Georgetown University - Department of Economics and University of Cambridge, Faculty of Economics
Downloads 42 (498,336)

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Unforeseen Contingencies

Number of pages: 52 Posted: 18 Apr 2002
Nabil I. Al-Najjar, Luca Anderlini and Leonardo Felli
Northwestern University - Kellogg School of Management, Georgetown University - Department of Economics and University of Cambridge, Faculty of Economics
Downloads 28 (573,889)
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Unforeseen contingencies, incomplete contracts, finite invariance, fine variability

26.

Transaction Costs and the Robustness of the Coase Theorem

LSE STICERD Research Paper No. TE409
Number of pages: 39 Posted: 16 Jul 2008
Luca Anderlini and Leonardo Felli
Georgetown University - Department of Economics and University of Cambridge, Faculty of Economics
Downloads 57 (429,135)

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27.
Downloads 52 (447,286)
Citation 11

Courts of Law and Unforeseen Contingencies

LSE STICERD Research Paper No. TE447
Number of pages: 36 Posted: 16 Jul 2008
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 35 (533,159)

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Courts of Law and Unforeseen Contingencies

Number of pages: 34 Posted: 14 Jun 2001
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 17 (652,353)
Citation 1
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Optimal courts, unforeseen contingencies, risk, incentives

Courts of Law and Unforeseen Contingencies

The Journal of Law, Economics, & Organization, Vol. 23, Issue 3, pp. 662-684, 2007
Posted: 23 Jun 2008
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics

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28.

Costly Coasian Contracts

LSE STICERD Research Paper No. TE362
Number of pages: 58 Posted: 16 Jul 2008
Luca Anderlini and Leonardo Felli
Georgetown University - Department of Economics and University of Cambridge, Faculty of Economics
Downloads 47 (466,945)

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29.

How to Sell a (Bankrupt) Company?

Number of pages: 42 Posted: 31 Jul 2001
Francesca Cornelli and Leonardo Felli
London Business School and University of Cambridge, Faculty of Economics
Downloads 26 (570,430)
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Bankruptcy, auctions, transfer of control, private benefits

30.

Child-Adoption Matching: Preferences for Gender and Race

NBER Working Paper No. w16444
Number of pages: 57 Posted: 12 Oct 2010
Washington University in St. Louis, Duke University, University of Cambridge, Faculty of Economics and Princeton University
Downloads 24 (583,174)
Citation 1

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31.

Should Courts Always Enforce What Contracting Parties Write? this Paper Replaces Te/2003/464

LSE STICERD Research Paper No. TE510
Number of pages: 36 Posted: 16 Jul 2008
Luca Anderlini, Leonardo Felli and Andrew Postlewaite
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Pennsylvania - Department of Economics
Downloads 18 (622,975)

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Trust, Investment and Competition: Theory and Evidence from German Car Manufacturers

CESifo Working Paper No. 7680
Number of pages: 59 Posted: 25 Jul 2019
European University Institute - Economics Department (ECO), University of Cambridge, Faculty of Economics, ARC Econ GmbH, Stockholm School of Economics (SITE) and University of Mannheim - Department of Economics
Downloads 15 (667,787)

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relational contracts, hold-up, buyer-supplier contracts, bargaining power

Trust, Investment and Competition: Theory and Evidence from German Car Manufacturers

CEPR Discussion Paper No. DP13750
Number of pages: 61 Posted: 30 May 2019
European University Institute - Economics Department (ECO), University of Cambridge, Faculty of Economics, ARC Econ GmbH, Stockholm School of Economics (SITE) and University of Mannheim - Department of Economics
Downloads 1 (791,701)
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bargaining power, Buyer-Supplier Contracts, hold-up, Relational Contracts

33.

Preventing Collusion Through Discretion

CEPR Discussion Paper No. DP8302
Number of pages: 38 Posted: 28 Mar 2011
Leonardo Felli and Rafael Hortala-Vallve
University of Cambridge, Faculty of Economics and London School of Economics & Political Science (LSE) - Department of Government
Downloads 4 (725,594)
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Collusion, Communication, Delegation, Hierarchies

34.

Costly Pretrial Agreements

CEPR Discussion Paper No. DP13074
Number of pages: 34 Posted: 31 Jul 2018
Luca Anderlini, Leonardo Felli and Giovanni Immordino
Georgetown University - Department of Economics, University of Cambridge, Faculty of Economics and University of Salerno - Centre for Studies in Economics and Finance (CSEF)
Downloads 0 (774,326)
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Costly Negotiations, Court Litigation, Pretrial Agreements

35.

Relational Contracts, Competition and Innovation: Theory and Evidence from German Car Manufacturers

CEPR Discussion Paper No. DP12267
Number of pages: 62 Posted: 11 Sep 2017
European University Institute - Economics Department (ECO), University of Cambridge, Faculty of Economics, ARC Econ GmbH, Stockholm School of Economics (SITE) and University of Mannheim - Department of Economics
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Competition, Hold-up Problem, Innovation, Management Practices, Procurement, Relational Contracts, Specific Investment, Supply Chains, Trust

36.

Renegotiation and Collusion in Organizations

Journal of Economics & Management Strategy, Vol. 9, Issue 4, pp. 453-483, 2000
Number of pages: 31 Posted: 26 Sep 2012
Leonardo Felli and J. Miguel Villas‐Boas
University of Cambridge, Faculty of Economics and affiliation not provided to SSRN
Downloads 0 (774,326)
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37.

Revenue Efficiency and Change of Control: The Case of Bankruptcy

Rodney L. White Center for Financial Research, Working Paper No. 018-98
Posted: 19 Aug 1998
Francesca Cornelli and Leonardo Felli
London Business School and University of Cambridge, Faculty of Economics

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38.

Learning, Wage Dynamics, and Firm-Specific Human Capital

JOURNAL OF POLITICAL ECONOMY, Vol. 104, No. 4, August 1996
Posted: 21 May 1998
Leonardo Felli and Christopher Harris
University of Cambridge, Faculty of Economics and University of Cambridge - Department of Applied Economics

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39.

'Friendships' in Vertical Relations

Posted: 06 Nov 1996
Leonardo Felli and J. Miguel Villas-Boas
University of Cambridge, Faculty of Economics and University of California, Berkeley

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