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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). Flavio is also the Chair of the Queensland Competition Authority, a part-time member of the Australian Competition Tribunal, and a member of the NDIA’s Pricing Arrangement Reference Group. Professor Menezes has been engaged by the Australian Treasury toto 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 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

81 - 100 of 114 works

2007

Other Outputs

The Contamination Problem in Utility Regulation

Camacho, Fernando T. and Menezes, Flavio (2007). The Contamination Problem in Utility Regulation. Discussion Paper. No. 352. School of Economics, University of Queensland.

The Contamination Problem in Utility Regulation

2007

Conference Publication

Can game theory be saved?

Menezes, F. and Quiggin, J (2007). Can game theory be saved?. ESAM07 Australian Meeting of the Econometric Society, Brisbane, Australia, 3-6 July 2007. Brisbane, Australia: Econometric Society.

Can game theory be saved?

2007

Journal Article

Games without rules

Menezes, Flavio and Quiggin, John (2007). Games without rules. Theory and Decision, 63 (4), 315-347. doi: 10.1007/s11238-007-9042-6

Games without rules

2006

Journal Article

Auctions with options to re-auction

Grant, Simon, Kajii, Atsushi, Menezes, Flavio and Ryan, Matthew J. (2006). Auctions with options to re-auction. International Journal of Economic Theory, 2 (1), 17-39. doi: 10.1111/j.1365-2966.2006.0022.x

Auctions with options to re-auction

2006

Journal Article

The role of R&D technology in asymmetric research joint ventures

Dakhlia, S, Menezes, FM and Temimi, A (2006). The role of R&D technology in asymmetric research joint ventures. Manchester School, 74 (1), 52-63. doi: 10.1111/j.1467-9957.2006.00482.x

The role of R&D technology in asymmetric research joint ventures

2006

Journal Article

Exclusionary conduct: Theory, tests and some relevant Australian cases

Menezes, F. M. (2006). Exclusionary conduct: Theory, tests and some relevant Australian cases. Competition and Consumer Law Journal, 13 (3), 197-240.

Exclusionary conduct: Theory, tests and some relevant Australian cases

2006

Journal Article

Corruption and auctions

Menezes, Flavio M. and Monteiro, Paulo Klinger (2006). Corruption and auctions. Journal of Mathematical Economics, 42 (1), 97-108. doi: 10.1016/j.jmateco.2005.04.002

Corruption and auctions

2006

Journal Article

Price regulation in Australia: How consistent has it been?

Breunig, R, Stacey, S, Hornby, J and Menezes, F (2006). Price regulation in Australia: How consistent has it been?. Economic Record, 82 (256), 67-76. doi: 10.1111/j.1475-4932.2006.00294.x

Price regulation in Australia: How consistent has it been?

2006

Journal Article

Copyrights, Clean Air and Bazaars: The Economics of Market Making

Menezes, Flavio (2006). Copyrights, Clean Air and Bazaars: The Economics of Market Making. Copyright Reporter, 24 (1 & 2), 110-123.

Copyrights, Clean Air and Bazaars: The Economics of Market Making

2005

Journal Article

Lessons from the electricity auctions in Brazil

Menezes, Flavio and Dutra, Joisa (2005). Lessons from the electricity auctions in Brazil. The Electricity Journal, 18 (10), 11-21. doi: 10.1016/j.tej.2005.10.009

Lessons from the electricity auctions in Brazil

2005

Other Outputs

Outcomes and strategy choices in Tullock contests, Risk and Uncertainty Program Working Paper RO5-6, Risk and Sustainable Management Group, 18 June 2005

Menezes, R.F. and Quiggin, J. C. (2005). Outcomes and strategy choices in Tullock contests, Risk and Uncertainty Program Working Paper RO5-6, Risk and Sustainable Management Group, 18 June 2005. Australia: The University of Queensland.

Outcomes and strategy choices in Tullock contests, Risk and Uncertainty Program Working Paper RO5-6, Risk and Sustainable Management Group, 18 June 2005

2005

Book

An introduction to auction theory

Menezes, Flavio M. and Monteiro, Paulo K. (2005). An introduction to auction theory. Oxford, United Kingdom: Oxford University Press. doi: 10.1093/019927598X.001.0001

An introduction to auction theory

2005

Journal Article

Reserve price commitments in auctions

Menezes, F and Ryan, MJ (2005). Reserve price commitments in auctions. Economics Letters, 87 (1), 35-39. doi: 10.1016/j.econlet.2004.09.009

Reserve price commitments in auctions

2004

Journal Article

A note on duplication of R&D and R&D subsidies

Menezes, Flavio M., Daklia, Sami and Temimi , Akram (2004). A note on duplication of R&D and R&D subsidies. Economics Bulletin, 12 (7), 1-5.

A note on duplication of R&D and R&D subsidies

2004

Journal Article

The land assembly problem revisited

Menezes, F. and Pitchford, R. (2004). The land assembly problem revisited. Regional Science and Urban Economics, 34 (2), 155-162. doi: 10.1016/S0166-0462(03)00041-3

The land assembly problem revisited

2004

Journal Article

The economics of buying complex weapons

Ergas, Henry and Menezes, Flavio M. (2004). The economics of buying complex weapons. Agenda: A Journal of Policy Analysis and Reform, 11 (3), 247-264.

The economics of buying complex weapons

2004

Book

Games without rules, Risk and Sustainable Management Group WP7R04 July 2004

Menezes, R.F. and Quiggin, J. C. (2004). Games without rules, Risk and Sustainable Management Group WP7R04 July 2004. Australia: The University of Queensland.

Games without rules, Risk and Sustainable Management Group WP7R04 July 2004

2003

Journal Article

Tendering and bidding for access: A regulator's guide to auctions

Menezes, Flavio M., Pitchford, Rohan and Wait, Andrew (2003). Tendering and bidding for access: A regulator's guide to auctions. Australian Journal of Management, 28 (3), 345-370. doi: 10.1177/031289620302800307

Tendering and bidding for access: A regulator's guide to auctions

2003

Journal Article

Synergies and price trends in sequential auctions

Menezes, Flavio M. and Monteiro, Paulo K. (2003). Synergies and price trends in sequential auctions. Review of Economic Design, 8 (1), 85-98. doi: 10.1007/s10058-003-0090-2

Synergies and price trends in sequential auctions

2003

Journal Article

An auction theoretical approach to fiscal wars

Menezes, FM (2003). An auction theoretical approach to fiscal wars. Social Choice And Welfare, 20 (1), 155-166. doi: 10.1007/s003550200173

An auction theoretical approach to fiscal wars

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

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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

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For help with finding experts, story ideas and media enquiries, contact our Media team:

communications@uq.edu.au