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
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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 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
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
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
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.
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.
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
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
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.
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.
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.
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
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.
Funding
Current funding
Past funding
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
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Doctor Philosophy
Effects of climate-related financial risks on thebanking system: A perspective from the State Bankof Vietnam
Principal Advisor
Other advisors: Dr Mohamad Khaled, Associate Professor Dong-Hyuk Kim
-
Doctor Philosophy
The Influence of Lobbying Behaviour on Trade Negotiations: A Theoretical and Empirical Analysis
Associate Advisor
Other advisors: Associate Professor Metin Uyanik
-
Doctor Philosophy
Three Essays to Analyse the Regional Economic Effects of Renewable Energy in Queensland
Associate Advisor
Other advisors: Professor Alicia Rambaldi
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Doctor Philosophy
COMPARING OPEN AND SEALED BID AUCTIONS: EVIDENCE FROM PUBLIC PROCUREMENT
Associate Advisor
Other advisors: Associate Professor Dong-Hyuk Kim
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Master Philosophy
Essays on electricity market design for the energy transition and developing inertia markets
Associate Advisor
Other advisors: Associate Professor Archie Chapman, Dr Allan Hernandez Chanto
Completed supervision
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2024
Doctor Philosophy
Essays on Natural Disaster and Labour Market
Principal Advisor
Other advisors: Associate Professor Satoshi Tanaka, Associate Professor Metin Uyanik
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2017
Doctor Philosophy
Emissions Abatement R&D and Environmental Policy
Principal Advisor
Other advisors: 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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