A posteriori error estimators of residual type are derived for piecewise li
near finite element approximations to elliptic obstacle problems. An instru
mental ingredient is a new interpolation operator which requires minimal re
gularity, exhibits optimal approximation properties and preserves positivit
y. Both upper and lower bounds are proved and their optimality is explored
with several examples. Sharp a priori bounds for the a posteriori estimator
s are given, and extensions of the results to double obstacle problems are
briefly discussed.