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:
- 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
-
Master Philosophy
Essays on electricity market design for the energy transition
Associate Advisor
Other advisors: Associate Professor Archie Chapman, Dr Allan Hernandez Chanto
-
Doctor Philosophy
COMPARING OPEN AND SEALED BID AUCTIONS: EVIDENCE FROM PUBLIC PROCUREMENT
Associate Advisor
Other advisors: Dr Dong-Hyuk Kim
Completed supervision
-
2024
Doctor Philosophy
Essays on Natural Disaster and Labour Market
Principal Advisor
Other advisors: Dr Satoshi Tanaka, Dr Metin Uyanik
-
2017
Doctor Philosophy
Emissions Abatement R&D and Environmental Policy
Principal Advisor
Other advisors: Associate Professor Lana Friesen, Dr Heiko Gerlach
-
2016
Doctor Philosophy
Regulatory Incentives for a Low-Carbon Electricity Sector
Principal Advisor
Other advisors: Dr Heiko Gerlach
-
2014
Doctor Philosophy
Competition Policy for Ad-supported Media Platforms
Principal Advisor
Other advisors: Associate Professor Jeffrey Kline
-
2011
Doctor Philosophy
Infrastructure Price Regulation and Investment
Principal Advisor
Other advisors: Professor John Quiggin
-
2009
Master Philosophy
Electricity deregulation, vertical integration and the importance of independent electricity retailers
Principal Advisor
-
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
Need help?
For help with finding experts, story ideas and media enquiries, contact our Media team: