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
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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 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
2007
Journal Article
Strategic interaction amongst australia's east coast ports
Menezes, F.M., Pracz, M. and Tyers, R. (2007). Strategic interaction amongst australia's east coast ports. Australian Economic Review, 40 (3), 267-278. doi: 10.1111/j.1467-8462.2007.00451.x
2007
Conference Publication
Welfare enhancing mergers under product differentiation
Kao, T. and Menezes, F. (2007). Welfare enhancing mergers under product differentiation. ESAM07 Australian Meeting of the Econometric Society, Brisbane, Australia, 3-6 July 2007. Brisbane, Australia: Econometric Society.
2007
Journal Article
The role of competition in Australian defence procurement
Ergas, H. and Menezes, F. (2007). The role of competition in Australian defence procurement. The Melbourne Review, 3 (1), 41-48.
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
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
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.
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
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.
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
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
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
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.
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
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.
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
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.
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.
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
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
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
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
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Doctor Philosophy
COMPARING OPEN AND SEALED BID AUCTIONS: EVIDENCE FROM PUBLIC PROCUREMENT
Associate Advisor
Other advisors: Dr Dong-Hyuk Kim
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Master Philosophy
Essays on electricity market design for the energy transition
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: Dr Satoshi Tanaka, Dr Metin Uyanik
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2017
Doctor Philosophy
Emissions Abatement R&D and Environmental Policy
Principal Advisor
Other advisors: Associate 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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