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Professor Flavio Menezes
Professor

Flavio Menezes

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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). 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

124 works between 1993 and 2026

21 - 40 of 124 works

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

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

2026

Journal Article

The economics of mine waste reduction: The case of ore-sand

Soto-Diaz, Juan, Micklethwaite, Steven, MacKenzie, Ian A., Segura-Salazar, Juliana, Menezes, Flavio, Marquis, Eva, Hudson-Edwards, Karen and Franks, Daniel M. (2026). The economics of mine waste reduction: The case of ore-sand. Journal of Cleaner Production, 573 148930, 148930. doi: 10.1016/j.jclepro.2026.148930

The economics of mine waste reduction: The case of ore-sand

2026

Book Chapter

Imperfect competition, emissions tax and the porter hypothesis

Menezes, Flavio M. and Pereira, Jorge (2026). Imperfect competition, emissions tax and the porter hypothesis. Green innovation and industrial organization. (pp. 51-76) edited by Joanna Poyago-Theotoky. Singapore, Singapore: World Scientific Publishing. doi: 10.1142/9789819816033_0003

Imperfect competition, emissions tax and the porter hypothesis

2025

Journal Article

When disaster strikes: Labour shifts and sectoral change in developing economies

Chaudhuri, Salonkara and Menezes, Flavio (2025). When disaster strikes: Labour shifts and sectoral change in developing economies. Economic Analysis and Policy, 88, 1306-1320. doi: 10.1016/j.eap.2025.10.039

When disaster strikes: Labour shifts and sectoral change in developing economies

2024

Journal Article

Challenges in the consumer-side of the energy transition

La Nauze, Andrea and Menezes, Flavio (2024). Challenges in the consumer-side of the energy transition. The Australian Economic Review, 57 (4), 422-431. doi: 10.1111/1467-8462.12577

Challenges in the consumer-side of the energy transition

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

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