Overview
Background
Flavio Menezes is a Professor of Economics and Director of the Australian Institute for Business and Economics at the University of Queensland (UQ). He is also a part-time member of the Australian Competition Tribunal and a member of the Sydney Airport Demand Management Compliance Committee. His third and final term as Chair of the Queensland Competition Authority (QCA) concluded in September 2025, following almost a decade as a member of the Authority.
Professor Menezes was engaged by the Australian Treasury to provide independent strategic advice to the Australian and New Zealand governments on reducing regulatory barriers to the net zero transition. His report, released in September 2025, informed a joint commitment by both governments to strengthen regulatory settings, facilitate trans-Tasman trade, and improve productivity and living standards.
He served on the NDIA's Pricing Arrangements Reference Group from 2023 to 2026 and was a member of the Expert Panel for the 2022–2023 National Disability Insurance Scheme (NDIS) Specialist Disability Accommodation Price Review. He was President of the Economic Society of Australia (Queensland) from 2016 to 2018 and served on the advisory board of the Australian Government's Deregulation Taskforce between 2019 and 2020.
Professor Menezes was Head of UQ's School of Economics from 2009 to 2015. He chaired the Economics and Commerce Research Evaluation Committee for Excellence in Research for Australia (ERA) 2018 and served as a member of the same committee for ERA 2015. He was also an elected member of UQ's Academic Board and its Standing Committee from 2018 to 2021.
Before joining UQ in 2006, Professor Menezes was Professor of Economics and Professor of Regulatory Economics at the Australian National University, where he was the foundation Director of the Australian Centre for Regulatory Economics. He also served as a part-time Vice President at Charles River Associates in Canberra from 2005 to 2006.
Professor Menezes is a Fellow of the Academy of the Social Sciences in Australia and a Distinguished Public Policy Fellow of the Economic Society of Australia. He has previously served as Associate Editor of the Journal of Public Economic Theory and Co-editor of the Economic Record. His research focuses on competition policy, regulation, market design, and the economics of the net zero transition, with applications spanning energy, digital platforms, infrastructure, and public policy. He is regularly sought by the media and policymakers for expert commentary on Australian economic policy, competition policy, and regulation.
His engagement with government and industry has been extensive. He has advised the Australian Government, the Australian Energy Market Commission, the Australian Competition and Consumer Commission, the Independent Pricing and Regulatory Tribunal of New South Wales, the Queensland Competition Authority, and the ACT and Victorian governments on competition, regulation, and market design. He has also provided expert economic advice to public and private organisations across a wide range of sectors, including telecommunications, defence, fisheries, water, gambling, natural resources, electricity markets, dairy, banking, health, transport, aged care, the NDIS, and early childhood education and care.
Availability
- Professor Flavio Menezes is:
- Available for supervision
- Media expert
Fields of research
Qualifications
- Bachelor of Economics, Universidade do Estado do Rio de Janeiro (UERJ)
- Masters (Coursework) of Economics, Fundacao Getulio Vargas (EPGE)
- Doctor of Philosophy, University of Illinois
Research interests
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Competition and Regulatory Economics
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auction theory and market design
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public economics including taxation
Research impacts
Research undertaken by Professor Menezes has contributed to several areas of economics and public policy, including:
- Multiple-unit auctions – This research helped explain the low revenues observed in some spectrum auctions in the United States and Europe. It has been cited in patents relating to clock auction technology (US7729975B2) and Google's auction-based allocation systems (US8204818B1).
- Entry and corruption in auctions – This research generated important insights for auction and market design, showing that attracting more bidders does not necessarily increase revenue when entry is endogenous, and that auction design can reduce the adverse effects of corruption.
- Right-to-choose auctions – This research developed an alternative mechanism for allocating commonly ranked objects. It has been considered for radio spectrum allocation and airport landing slots, and cited in patents for computer-based rights allocation systems (US7689210B2).
- Private provision of public goods – This research has been widely cited in the fundraising literature, providing insights into the determinants of charitable giving and the role of information asymmetries.
- The holdout problem in land assembly – This research examines how coordination failures can lead to inefficient land assembly. It has attracted more than 90 policy-relevant citations across law, economics, regulation and urban studies.
- Price regulation in aged care – Professor Menezes' report to the Royal Commission into Aged Care Quality and Safety examined alternative approaches to aged care price regulation and directly informed the recommendation to establish an independent pricing authority (Final Report, 2021, p. 150).
- Competition and regulatory economics – Professor Menezes' research has been cited extensively in regulatory proceedings in Australia and overseas. It underpinned expert reports prepared for the Australian Competition Tribunal's review of the $11 billion Tabcorp–Tatts merger, demonstrating how market design could address competition concerns while delivering net public benefits.
- Net zero regulation and standards – Commissioned by the Australian Treasury, Professor Menezes provided independent strategic advice to the Australian and New Zealand governments on reducing regulatory barriers to the net zero transition. His report informed a joint commitment by both governments to strengthen regulatory settings and facilitate trans-Tasman trade.
- Market design for the net zero transition – Professor Menezes' research demonstrates how competition policy, market design and economic regulation can accelerate the transition to net zero while maintaining efficient, competitive and affordable markets. His work has influenced policy debates on electricity market reform, standards governance and emerging low-carbon industries.
Works
Search Professor Flavio Menezes’s works on UQ eSpace
Featured
2022
Journal Article
An empirical assessment of the impact of subsidies on EV adoption in China: A difference-in-differences approach
Zheng, Xuemei, Menezes, Flavio, Zheng, Xiaofeng and Wu, Chengkuan (2022). An empirical assessment of the impact of subsidies on EV adoption in China: A difference-in-differences approach. Transportation Research Part A: Policy and Practice, 162, 121-136. doi: 10.1016/j.tra.2022.05.020
Featured
2022
Journal Article
Estimating efficient water prices in the Sao Marcos River Basin: a residual imputation approach
Menezes, Flavio M., Capodeferro, Morganna W., Smiderle, Juliana J. and Guimarães, Pedro E. (2022). Estimating efficient water prices in the Sao Marcos River Basin: a residual imputation approach. Journal of Water Resources Planning and Management, 148 (5) 06022001, 1-8. doi: 10.1061/(asce)wr.1943-5452.0001538
Featured
2022
Journal Article
Energy transition in the Brazilian electric power system
Dutra, Joisa and Menezes, Flavio (2022). Energy transition in the Brazilian electric power system. Competition and Regulation in Network Industries, 23 (2), 178359172210887-134. doi: 10.1177/17835917221088765
Featured
2022
Journal Article
A near real-time economic activity tracker for the Brazilian economy during the COVID-19 pandemic
Menezes, Flavio, Figer, Vivian, Jardim, Fernanda and Medeiros, Pedro (2022). A near real-time economic activity tracker for the Brazilian economy during the COVID-19 pandemic. Economic Modelling, 112 105851, 105851. doi: 10.1016/j.econmod.2022.105851
Featured
2022
Journal Article
Market‐wide impact of renewables on electricity prices in Australia*
Gonçalves, Ricardo and Menezes, Flávio (2022). Market‐wide impact of renewables on electricity prices in Australia*. The Economic Record, 98 (320), 1-21. doi: 10.1111/1475-4932.12642
Featured
2021
Journal Article
Entry and social efficiency under Bertrand competition and asymmetric information
Khezr, Peyman and Menezes, Flavio M. (2021). Entry and social efficiency under Bertrand competition and asymmetric information. International Journal of Game Theory, 50 (4), 927-944. doi: 10.1007/s00182-021-00775-z
Featured
2020
Journal Article
Responses to COVID-19 in five Latin American countries
Benítez, María Alejandra, Velasco, Carolina, Sequeira, Ana Rita, Henríquez, Josefa, Menezes, Flavio M. and Paolucci, Francesco (2020). Responses to COVID-19 in five Latin American countries. Health Policy and Technology, 9 (4) 449, 525-559. doi: 10.1016/j.hlpt.2020.08.014
Featured
2020
Journal Article
In between the state and the market: An empirical assessment of the early achievements of China's 2015 electricity reform
Zheng, Xuemei, Menezes, Flavio and Nepal, Rabindra (2020). In between the state and the market: An empirical assessment of the early achievements of China's 2015 electricity reform. Energy Economics, 93 105003, 105003. doi: 10.1016/j.eneco.2020.105003
Featured
2020
Journal Article
The strategic industry supply curve
Menezes, Flavio M. and Quiggin, John (2020). The strategic industry supply curve. Journal of Industrial Economics, LXVIII (3) joie.12229, 523-555. doi: 10.1111/joie.12229
Featured
2019
Journal Article
Funding natural monopoly infrastructure expansion: auctions versus regulated uniform access prices
Khezr, Peyman and Menezes, Flavio M. (2019). Funding natural monopoly infrastructure expansion: auctions versus regulated uniform access prices. Journal of Regulatory Economics, 55 (2), 193-213. doi: 10.1007/s11149-019-09382-z
Featured
2018
Journal Article
Regulatory incentives for a low-carbon electricity sector in China
Menezes, Flavio M. and Zheng, Xuemei (2018). Regulatory incentives for a low-carbon electricity sector in China. Journal of Cleaner Production, 195, 919-931. doi: 10.1016/j.jclepro.2018.05.256
Featured
2018
Journal Article
Regulatory behaviour under threat of court reversal: theory and evidence from the Swedish electricity market
Soderberg, Magnus, Menezes, Flavio M. and Santolino, Miguel (2018). Regulatory behaviour under threat of court reversal: theory and evidence from the Swedish electricity market. Energy Economics, 71, 302-310. doi: 10.1016/j.eneco.2018.03.006
Featured
2014
Journal Article
Network regulation and regulatory institutional reform: revisiting the case of Australia
Nepal, Rabindra, Menezes, Flavio and Jamasb, Touraj (2014). Network regulation and regulatory institutional reform: revisiting the case of Australia. Energy Policy, 73, 259-268. doi: 10.1016/j.enpol.2014.05.037
Featured
2014
Journal Article
Optimal access regulation with downstream competition
Kao, Tina, Menezes, Flavio M. and Quiggin, John (2014). Optimal access regulation with downstream competition. Journal of Regulatory Economics, 45 (1), 75-93. doi: 10.1007/s11149-013-9231-x
Featured
2012
Journal Article
More competitors or more competition? Market concentration and the intensity of competition
Menezes, Flavio M. and Quiggin, John (2012). More competitors or more competition? Market concentration and the intensity of competition. Economics Letters, 117 (3), 712-714. doi: 10.1016/j.econlet.2011.11.001
Featured
2012
Journal Article
An empirical investigation of the mergers decision process in Australia
Breunig, Robert, Menezes, Flavio M. and Tan, Kelvin Jui Keng (2012). An empirical investigation of the mergers decision process in Australia. Economic Record, 88 (283), 459-475. doi: 10.1111/j.1475-4932.2012.00831.x
Featured
2010
Journal Article
Markets for influence
Menezes, Flavio, M. and Quiggin, John (2010). Markets for influence. International Journal of Industrial Organization, 28 (3), 307-310. doi: 10.1016/j.ijindorg.2009.10.002
Featured
2009
Journal Article
Grandfathering and greenhouse: The role of compensation and adjustment assistance in the introduction of a carbon emissions trading scheme for Australia
Menezes, Flavio, Quiggin, John and Wagner, Liam (2009). Grandfathering and greenhouse: The role of compensation and adjustment assistance in the introduction of a carbon emissions trading scheme for Australia. Economic Papers, 28 (2), 82-92. doi: 10.1111/j.1759-3441.2009.00024.x
Featured
2009
Journal Article
Access pricing and investment: a real options approach
Camacho, Fernando T. and Menezes, Flavio M. (2009). Access pricing and investment: a real options approach. Journal of Regulatory Economics, 36 (2), 107-126. doi: 10.1007/s11149-009-9088-1
Featured
2008
Book
An introduction to auction theory
Menezes, Flavio. M. and Monteiro, Paolo. K. (2008). An introduction to auction theory. Oxford, United Kingdom: Oxford University Press.
Funding
Current funding
Past funding
Supervision
Availability
- Professor Flavio Menezes is:
- Available for supervision
Looking for a supervisor? Read our advice on how to choose a supervisor.
Supervision history
Current supervision
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Doctor Philosophy
Effects of climate-related financial risks on thebanking system: A perspective from the State Bankof Vietnam
Principal Advisor
Other advisors: Dr Mohamad Khaled, Associate Professor Dong-Hyuk Kim
-
Doctor Philosophy
COMPARING OPEN AND SEALED BID AUCTIONS: EVIDENCE FROM PUBLIC PROCUREMENT
Associate Advisor
Other advisors: Associate Professor Dong-Hyuk Kim
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Master Philosophy
Essays on electricity market design for the energy transition and developing inertia markets
Associate Advisor
Other advisors: Associate Professor Archie Chapman, Dr Allan Hernandez Chanto
-
Doctor Philosophy
Three Essays to Analyse the Regional Economic Effects of Renewable Energy in Queensland
Associate Advisor
Other advisors: Professor Alicia Rambaldi
-
Doctor Philosophy
The Influence of Lobbying Behaviour on Trade Negotiations: A Theoretical and Empirical Analysis
Associate Advisor
Other advisors: Associate Professor Metin Uyanik
Completed supervision
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2024
Doctor Philosophy
Essays on Natural Disaster and Labour Market
Principal Advisor
Other advisors: Associate Professor Satoshi Tanaka, Associate Professor Metin Uyanik
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2017
Doctor Philosophy
Emissions Abatement R&D and Environmental Policy
Principal Advisor
Other advisors: Professor Lana Friesen, Dr Heiko Gerlach
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2016
Doctor Philosophy
Regulatory Incentives for a Low-Carbon Electricity Sector
Principal Advisor
Other advisors: Dr Heiko Gerlach
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2014
Doctor Philosophy
Competition Policy for Ad-supported Media Platforms
Principal Advisor
Other advisors: Associate Professor Jeffrey Kline
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2011
Doctor Philosophy
Infrastructure Price Regulation and Investment
Principal Advisor
Other advisors: Professor John Quiggin
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2009
Master Philosophy
Electricity deregulation, vertical integration and the importance of independent electricity retailers
Principal Advisor
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2011
Doctor Philosophy
Market reforms and the performance of the Malaysian electricity industry
Associate Advisor
Media
Enquiries
Contact Professor Flavio Menezes directly for media enquiries about:
- Auction and market design
- Australian economic policy
- Competition economics
- Economics
- Market design
- Public economics
- Regulatory economics
- Taxation of multinationals
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