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Professor Flavio Menezes
Professor

Flavio Menezes

Email: 
Phone: 
+61 7 344 31279

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). Flavio is also the Chair of the Queensland Competition Authority and a part-time member of the Australian Competition Tribunal. He has been engaged by the Australian Treasury to provide independent strategic advice to the Australian and New Zealand governments for a review into regulatory barriers to the net zero transformation.

Professor Menezes was a member of the NDIA’s Pricing Arrangement Reference Group from 2023 to 2024, and a member of the Expert Panel for the Special Disability Accommodation (NDIS) 2022-2023 price review. He was the president of the Economic Society of Australia (Queensland) from 2016 – 2018 and a member of the advisory board of the Federal government’s 2019 – 2020 Deregulation Taskforce.

He was the Head of the School of Economics at UQ from 2009 to 2015, the chair of the Research Evaluation Committee for Economics and Commerce, Excellence of Research in Australia (ERA) 2018, and a member of the same committee for ERA 2015. Professor Menezes was an elected member of UQ’s Academic Board and of its Standing Committee from 2018 to 2021. Prior to joining UQ in 2006, he was a Professor of Economics and a Professor of Regulatory Economics at the Australian National University and the foundation director of the Australian Centre of Regulatory Economics. He was a (part-time) Vice-President at Charles Rivers Associates International 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 is an associate editor of Journal of Public Economic Theory and was the co-editor of the Economic Record from 2016 to 2022. He has published extensively on the economics of auctions, competition and regulatory economics, industrial organisation, and market design. He is a sought after UQ Expert on Australian economic policy. Professor Menezes’ engagement with industry and government is significant.

His experience includes advising the federal government, the AEMC, the ACCC, IPART, the QCA, and the ACT and Victorian governments on market design issues in regulatory environments. He has also provided economic advice to many private and public organisations on competition and regulatory issues in telecommunications, defence, fisheries, water, gambling, natural resources, electricity markets, dairy, smart cities, banking, aged care, the NDIS, early childhood education and childcare, health, and transport.

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

  • Competition and Regulatory Economics

  • auction theory and market design

  • public economics including taxation

Research impacts

Research undertaken by Professor Menezes has contributed to several areas in economics:

  1. Competition and regulatory economics: Prof Menezes’s research on competition economics is frequently cited in regulatory proceedings in Australia and overseas. For example, his advisory work on incentive mechanisms is cited in submissions to the Australian Energy Regulator and the IPART. His advisory work on asset valuation is cited in decisions by the Australian Energy Regulator and ERA. His research on the economic theory of auction and market design underpinned his expert reports that were pivotal in the Australian Competition Tribunal’s 2017 decision on the $11B merger of Tabcorp and Tatts Group. Professor Menezes’s research on public-private partnerships underpinned advice provide to governments and international organisations on how to procure complex transport infrastructure.
  2. Price regulation approaches for aged care: The Royal Commission into Aged Care Quality and Safety engaged Prof Menezes to review price regulation approaches that may be appropriate for application in the aged care sector. Prof Menezes’s advice directly informed the recommendation to introduce an independent Pricing Authority in the aged care sector (Royal Commission Final Report 2021, p.150).
  3. Competition and design in auctions: Prof Menezes’s research on multiple-unit auctions has been used to explain low revenue in some spectrum auctions in the United States and in Europe. Spectrum auctions have been redesigned as a result and his work is cited in patent applications for Clock Auctions (patent no. US7729975B2) and by Google (patent no. US8204818B1). His research on right-to-choose auctions provided an alternative design for the sale of a set of commonly ranked objectives. It has been considered to allocate spectrum of frequency and landing slots at airports and is cited in patents for computer-based right distribution systems (patent no. US7689210B2).
  4. Entry and corruption in auctions: Prof Menezes’s research has provided important insights into market design across a range of sectors. When entry into auctions is endogenous, having a larger number of potential bidders does not necessary lead to higher expected revenue in an auction; this implies that efforts to secure many bidders may be misplaced, and instead focus should be on competitive bidders. Moreover, when corruption is possible, particular care needs to be taken when designing auctions to minimise the impact of corruption on efficiency and on the seller’s revenue.

Works

Search Professor Flavio Menezes’s works on UQ eSpace

116 works between 1993 and 2024

1 - 20 of 116 works

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

An empirical assessment of the impact of subsidies on EV adoption in China: A difference-in-differences approach

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

Estimating efficient water prices in the Sao Marcos River Basin: a residual imputation approach

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

Energy transition in the Brazilian electric power system

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

A near real-time economic activity tracker for the Brazilian economy during the COVID-19 pandemic

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

Market‐wide impact of renewables on electricity prices in Australia*

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

Entry and social efficiency under Bertrand competition and asymmetric information

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

Responses to COVID-19 in five Latin American countries

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

In between the state and the market: An empirical assessment of the early achievements of China's 2015 electricity reform

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

The strategic industry supply curve

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

Funding natural monopoly infrastructure expansion: auctions versus regulated uniform access prices

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

Regulatory incentives for a low-carbon electricity sector in China

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

Regulatory behaviour under threat of court reversal: theory and evidence from the Swedish electricity market

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

Network regulation and regulatory institutional reform: revisiting the case of Australia

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

Optimal access regulation with downstream competition

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

More competitors or more competition? Market concentration and the intensity of competition

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

An empirical investigation of the mergers decision process in Australia

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

Markets for influence

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

Grandfathering and greenhouse: The role of compensation and adjustment assistance in the introduction of a carbon emissions trading scheme for Australia

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

Access pricing and investment: a real options approach

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.

An introduction to auction theory

Funding

Past funding

  • 2023 - 2024
    BLADE Analysis for IP Australia - Stage 1
    IP Australia
    Open grant
  • 2022 - 2023
    Highlighting the benefits of price incentives for electric vehicle charging: evidence from a field experiment with telematics data
    Energy Consumers Australia Influence Grants
    Open grant
  • 2022 - 2023
    Emissions and economic modelling of road and rail freight in NSW
    iMove Cooperative Research Centre
    Open grant
  • 2022 - 2023
    Investigation into Start-ups and Scale-ups in Queensland
    Queensland Department of State Development, Tourism and Innovation
    Open grant
  • 2012 - 2014
    Games and decisions with bounded rationality: theory and economic implications
    ARC Discovery Projects
    Open grant
  • 2006 - 2008
    The consistency of price regulation of infrastructure businesses across Australian jurisdictions
    ARC Discovery Projects
    Open grant
  • 2005 - 2007
    Economy wide consequences of regulation and privalisationpolicy regimes
    Australian National University
    Open grant

Supervision

Availability

Professor Flavio Menezes is:
Available for supervision

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Supervision history

Current supervision

Completed supervision

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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For help with finding experts, story ideas and media enquiries, contact our Media team:

communications@uq.edu.au