Skip to menu Skip to content Skip to footer
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, unknown
  • 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

114 works between 1993 and 2024

21 - 40 of 114 works

Featured

2007

Journal Article

Cheap talk, efficiency and egalitarian cost sharing in joint projects

Agastya, M., Menezes, F. and Sengupta, K. (2007). Cheap talk, efficiency and egalitarian cost sharing in joint projects. Games and Economic Behavior, 60 (1), 1-19. doi: 10.1016/j.geb.2006.09.005

Cheap talk, efficiency and egalitarian cost sharing in joint projects

Featured

2006

Journal Article

Binary games with many players

Menezes, F. and Pitchford, R. (2006). Binary games with many players. Economic Theory, 28 (1), 125-143. doi: 10.1007/s00199-005-0611-z

Binary games with many players

Featured

2004

Journal Article

A model of seller holdout

Menezes, F. and Pitchford, R. (2004). A model of seller holdout. Economic Theory, 24 (2), 231-253. doi: 10.1007/s00199-003-0432-x

A model of seller holdout

Featured

2004

Journal Article

Auction price anomalies: Evidence from wool auctions in Australia

Jones, C, Menezes, F and Vella, F (2004). Auction price anomalies: Evidence from wool auctions in Australia. Economic Record, 80 (250), 271-288. doi: 10.1111/j.1475-4932.2004.00188.x

Auction price anomalies: Evidence from wool auctions in Australia

Featured

2004

Journal Article

Auctions with synergies and asymmetric buyers

Menezes, FM and Monteiro, PK (2004). Auctions with synergies and asymmetric buyers. Economics Letters, 85 (2), 287-294. doi: 10.1016/j.econlet.2004.04.017

Auctions with synergies and asymmetric buyers

Featured

2000

Journal Article

Auctions with endogenous participation

Menezes, Flavio M. and Monteiro, Paulo K. (2000). Auctions with endogenous participation. Review of Economic Design, 5 (1), 71-89. doi: 10.1007/s100580050048

Auctions with endogenous participation

2024

Journal Article

The carbon tax and the crisis in Australia’s National Electricity Market

Gonçalves, Ricardo and Menezes, Flavio (2024). The carbon tax and the crisis in Australia’s National Electricity Market. Energy Economics, 133 107522, 1-12. doi: 10.1016/j.eneco.2024.107522

The carbon tax and the crisis in Australia’s National Electricity Market

2022

Journal Article

The price impacts of the exit of the Hazelwood coal power plant

Gonçalves, Ricardo and Menezes, Flávio (2022). The price impacts of the exit of the Hazelwood coal power plant. Energy Economics, 116 106398, 1-14. doi: 10.1016/j.eneco.2022.106398

The price impacts of the exit of the Hazelwood coal power plant

2022

Journal Article

Market power amplifies the price effects of demand shocks

Menezes, Flavio M. and Quiggin, John (2022). Market power amplifies the price effects of demand shocks. Economics Letters, 221 110908, 1-4. doi: 10.1016/j.econlet.2022.110908

Market power amplifies the price effects of demand shocks

2019

Journal Article

A semi-uniform-price auction for multiple objects

Khezr, Peyman and Menezes, Flavio M. (2019). A semi-uniform-price auction for multiple objects. Economic Theory Bulletin, 8 (1), 139-148. doi: 10.1007/s40505-019-00173-5

A semi-uniform-price auction for multiple objects

2018

Journal Article

Auctions with an asking price

Khezr, Peyman and Menezes, Flavio (2018). Auctions with an asking price. International Journal of Game Theory, 47 (4), 1-22. doi: 10.1007/s00182-018-0620-3

Auctions with an asking price

2017

Journal Article

The dynamics of bank location decisions in Australia

Heard, Christopher, Menezes, Flavio M. and Ranbaldi, Alicia N. (2017). The dynamics of bank location decisions in Australia. Australian Journal of Management, 43 (2), 241-262. doi: 10.1177/0312896217717572

The dynamics of bank location decisions in Australia

2017

Journal Article

Regulatory reforms in small energy systems: experience from Australia’s Northern Territory electricity market

Nepal, Rabindra and Menezes, Flavio (2017). Regulatory reforms in small energy systems: experience from Australia’s Northern Territory electricity market. Economic Papers, 36 (3), 300-316. doi: 10.1111/1759-3441.12181

Regulatory reforms in small energy systems: experience from Australia’s Northern Territory electricity market

2017

Journal Article

A new characterization of equilibrium in multiple-object uniform-price auctions

Khezr, Peyman and Menezes, Flavio (2017). A new characterization of equilibrium in multiple-object uniform-price auctions. Economics Letters, 157, 53-55. doi: 10.1016/j.econlet.2017.05.031

A new characterization of equilibrium in multiple-object uniform-price auctions

2017

Journal Article

Emissions abatement R&D: dynamic competition in supply schedules

Menezes, Flavio M. and Pereira, Jorge (2017). Emissions abatement R&D: dynamic competition in supply schedules. Journal of Public Economic Theory, 19 (4), 841-859. doi: 10.1111/jpet.12241

Emissions abatement R&D: dynamic competition in supply schedules

2016

Journal Article

Dynamic and static asking prices in the Sydney housing market

Khezr, Peyman and Menezes, Flavio M. (2016). Dynamic and static asking prices in the Sydney housing market. Economic Record, 92 (297), 209-221. doi: 10.1111/1475-4932.12242

Dynamic and static asking prices in the Sydney housing market

2016

Journal Article

Price regulation and the incentives to pursue energy efficiency by minimizing network losses

Dutra, Joisa, Menezes, Flavio M. and Zheng, Xuemei (2016). Price regulation and the incentives to pursue energy efficiency by minimizing network losses. Energy Journal, 37 (4), 45-61. doi: 10.5547/01956574.37.4.jdut

Price regulation and the incentives to pursue energy efficiency by minimizing network losses

2015

Journal Article

Introduction to the special issue on public-private partnerships

Martimort, David and Menezes, Flavio (2015). Introduction to the special issue on public-private partnerships. Journal of Public Economic Theory, 17 (1), 1-3. doi: 10.1111/jpet.12133

Introduction to the special issue on public-private partnerships

2015

Book Chapter

Market design for new leaders

Menezes, Flavio (2015). Market design for new leaders. So you want to be a leader: influential people reveal how to succeed in public life. (pp. 371-385) edited by Philip Crisp. Melbourne, Victoria, Australia: Hybrid Publishers.

Market design for new leaders

2014

Journal Article

Assessing the Impact of Blended Learning on Student Performance

Kwak, Do Won, Menezes, Flavio M. and Sherwood, Carl (2014). Assessing the Impact of Blended Learning on Student Performance. Economic Record, 91 (292), 91-106. doi: 10.1111/1475-4932.12155

Assessing the Impact of Blended Learning on Student Performance

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

Before you email them, read our advice on how to contact 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