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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

124 works between 1993 and 2026

41 - 60 of 124 works

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

2014

Journal Article

Public-private partnerships for transport infrastructure: some efficiency risks

Ryan, Matthew and Menezes, Flávio (2014). Public-private partnerships for transport infrastructure: some efficiency risks. New Zealand Economic Papers, 49 (3), 1-20. doi: 10.1080/00779954.2014.955625

Public-private partnerships for transport infrastructure: some efficiency risks

2014

Other Outputs

Network Regulation and Regulatory Institutional Reform: Revisiting the Case of Australia

Nepal, Rabindra, Menezes, Flavio Marques and Jamasb, Tooraj (2014). Network Regulation and Regulatory Institutional Reform: Revisiting the Case of Australia. School of Economics Discussion Paper Series. 510. School of Economics, University of Queensland.

Network Regulation and Regulatory Institutional Reform: Revisiting the Case of Australia

2014

Other Outputs

Public-Private Partnerships for Transport Infrastructure: Some Efficiency Risks

Ryan, Matthew and Menezes, Flavio (2014). Public-Private Partnerships for Transport Infrastructure: Some Efficiency Risks. School of Economics Discussion Paper Series. 499. School of Economics, University of Queensland.

Public-Private Partnerships for Transport Infrastructure: Some Efficiency Risks

2014

Journal Article

Default and renegotiation in PPP auctions

Menezes, Flavio and Ryan, Matthew (2014). Default and renegotiation in PPP auctions. Journal of Public Economic Theory, 17 (1), 49-77. doi: 10.1111/jpet.12102

Default and renegotiation in PPP auctions

2013

Journal Article

The Failure of Judges and the Rise of Regulators by Shleifer Andrei

Menezes, Flavio (2013). The Failure of Judges and the Rise of Regulators by Shleifer Andrei. The Economic Record, 89 (287), 577-580. doi: 10.1111/1475-4932.12086

The Failure of Judges and the Rise of Regulators by Shleifer Andrei

2013

Other Outputs

Energy Efficiency and Price Regulation

Menezes, Flavio, Dutra, Joisa and Zheng, Xuemei (2013). Energy Efficiency and Price Regulation. 495. School of Economics, University of Queensland.

Energy Efficiency and Price Regulation

2013

Other Outputs

Assessing the impact of blended learning on student performance

Kwak, Won Do, Menezes, Flavio and Sherwood, Carl (2013). Assessing the impact of blended learning on student performance. School of Economics Discussion Paper Series. 494. School of Economics, University of Queensland.

Assessing the impact of blended learning on student performance

2013

Other Outputs

Default and Renegotiation in PPP Auctions

Menezes, Flavio and Ryan, Matthew (2013). Default and Renegotiation in PPP Auctions. 484. School of Economics, University of Queensland.

Default and Renegotiation in PPP Auctions

2013

Journal Article

The impact of price regulation on the cost of capital

Camacho, Fernando T. and Menezes, Flavio M. (2013). The impact of price regulation on the cost of capital. Annals of Public and Cooperative Economics, 84 (2), 139-158. doi: 10.1111/apce.12007

The impact of price regulation on the cost of capital

2013

Other Outputs

Market design for new leaders

Menezes, Flavio M. (2013). Market design for new leaders. Risk and Sustainable Management Group Working Paper Series: Australian Public Policy. P13_4. School of Economics, The University of Queensland.

Market design for new leaders

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