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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

81 - 100 of 124 works

2008

Other Outputs

Regulation and the Option to Delay

Camacho, Fernando T. and Menezes, Flavio (2008). Regulation and the Option to Delay. Discussion Paper. No. 356. School of Economics, University of Queensland.

Regulation and the Option to Delay

2008

Other Outputs

An empirical investigation of the mergers decision process in Australia

Breunig, Robert and Menezes, Flavio (2008). An empirical investigation of the mergers decision process in Australia. 382. School of Economics, University of Queensland.

An empirical investigation of the mergers decision process in Australia

2008

Other Outputs

Price regulation and investment: a real options approach

Camacho, Fernando T. and Menezes, Flavio M. (2008). Price regulation and investment: a real options approach. 373. School of Economics, University of Queenland.

Price regulation and investment: a real options approach

2008

Other Outputs

Endogenous Mergers under Multi-Market Competition

Kao, Tina and Menezes, Flavio (2008). Endogenous Mergers under Multi-Market Competition. Discussion Paper. 355. School of Economics, University of Queensland.

Endogenous Mergers under Multi-Market Competition

2007

Other Outputs

Welfare Enhancing Mergers under Product Differentiation

Kao, Tina and Menezes, Flavio (2007). Welfare Enhancing Mergers under Product Differentiation. Discussion Paper. No. 350. School of Economics, The University of Queensland.

Welfare Enhancing Mergers under Product Differentiation

2007

Other Outputs

Coasian Dynamics in Repeated English Auctions

Menezes, Flavio M. and Ryan, Matthew J. (2007). Coasian Dynamics in Repeated English Auctions. Discussion Paper. No. 349. School of Economics, The University of Queensland.

Coasian Dynamics in Repeated English Auctions

2007

Other Outputs

Maverick Firms: An Exploratory Analysis of Mortgage Providers in Australia

Breunig, Robert and Menezes, Flavio (2007). Maverick Firms: An Exploratory Analysis of Mortgage Providers in Australia. Discussion Paper. No. 348. School of Economics, The University of Queensland.

Maverick Firms: An Exploratory Analysis of Mortgage Providers in Australia

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.

Welfare enhancing mergers under product differentiation

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.

The role of competition in Australian defence procurement

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

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

Strategic interaction amongst australia's east coast ports

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

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

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

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

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