This is the first full-length study of how the theory of random sets can be applied in econometrics.

Ilya Molchanov is Professor of Probability at the Universität Bern, Switzerland, having previously worked in Germany, the Netherlands and Scotland. His research and publications focus on probability theory, spatial statistics, and mathematical finance, with the main emphasis on stochastic geometry and the theory of random sets.

1. Basic concepts; 2. Selections; 3. Expectation of random sets; 4. Limit theorems for Minkowski sums; 5. Estimation and interference.