![Professor Flavio Menezes](/sites/default/files/profiles/1741.jpeg)
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 member of the NDIA’s Pricing Arrangement Reference Group. Professor Menezes was 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 Academic Dean 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. 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, unknown
- 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 in economics:
- 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.
- 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).
- 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).
- 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
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
Past funding
Supervision
Availability
- Professor Flavio Menezes is:
- Available for supervision
Before you email them, read our advice on how to contact a supervisor.
Supervision history
Current supervision
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Master Philosophy
Essays on electricity market design for the energy transition
Principal Advisor
Other advisors: Associate Professor Archie Chapman
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Doctor Philosophy
COMPARING OPEN AND SEALED BID AUCTIONS: EVIDENCE FROM PUBLIC PROCUREMENT
Associate Advisor
Other advisors: Dr Dong-Hyuk Kim
Completed supervision
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2024
Doctor Philosophy
Essays on Natural Disaster and Labour Market
Principal Advisor
Other advisors: Dr Satoshi Tanaka, Dr Metin Uyanik
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2017
Doctor Philosophy
Emissions Abatement R&D and Environmental Policy
Principal Advisor
Other advisors: Associate 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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