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Professor Flavio Menezes
Professor

Flavio Menezes

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+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). 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

  • 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 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

122 works between 1993 and 2026

1 - 20 of 122 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

Current funding

  • 2026 - 2028
    Iron and Steel Decarbonisation Dialogue Platform: Enabling Investment, Trade and Collaboration (NFACR 2025-26 Grant administered by Griffith University)
    Griffith University
    Open grant

Past funding

  • 2025 - 2026
    The Benefits of Hyper-utilisation of Consume Energy Resources (CERs) through a Virtual Energy Network (VEN) (Energy Consumers Australia Collaboration Grant administered by Deakin University)
    Deakin University
    Open grant
  • 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, Infrastructure and Planning.
    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

Looking for a supervisor? Read our advice on how to choose a supervisor.

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

Need help?

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

communications@uq.edu.au