An empirical investigation of the mergers decision process in Australia (2008)
Breunig, Robert, Menezes, Flavio
In this paper wee examine a database assembled from an Australian public register of 553 merger decisions taken between March 2004 ad July 2008. Mergers may be accepted without public assessment,...
An empirical investigation of the mergers decision process in Australia (2008)
Breunig, Robert, Menezes, Flavio
In this paper wee examine a database assembled from an Australian public register of 553 merger decisions taken between March 2004 ad July 2008. Mergers may be accepted without public assessment,...
Breunig, Robert, Menezes, Flavio
This paper develops an empirical strategy to identify maverick-like behavior. This strategy includes measuring two behavioral dimensions: (i) the extent to which particular suppliers underprice...
Synergies and Price Trends in Sequential (2007)
Flavio M. Menezes, Paulo K. Monteiro, Flavio Menezes
In this paper we consider sequential auctions where an individual's value for a bundle of objects is either greater than the sum of the values for the objects separately (positive synergy) or...
Welfare Enhancing Mergers under Product Differentiation (2007)
We follow the duopoly framework with differentiated products as in Singh and Vives (1984) and Zanchettin (2006) and examine the welfare effects of a merger between two asymmetric firms. We find that...
Maverick Firms: An Exploratory Analysis of Mortgage Providers in Australia (2007)
Breunig, Robert, Menezes, Flavio
This paper develops an empirical strategy to measure maverick-like behaviour. It applies the strategy to a dataset that contains interest rates charged by mortgage providers in Australia from January...
Welfare Enhancing Mergers under Product Differentiation (2007)
We follow the duopoly framework with differentiated products as in Singh and Vives (1984) and Zanchettin (2006) and examine the welfare effects of a merger between two asymmetric firms. We find that...
Maverick Firms: An Exploratory Analysis of Mortgage Providers in Australia (2007)
Breunig, Robert, Menezes, Flavio
This paper develops an empirical strategy to measure maverick-like behaviour. It applies the strategy to a dataset that contains interest rates charged by mortgage providers in Australia from January...
Em busca de incentivos para atrair o trabalhador autônomo para a Previdência Social (2007)
Marcelo Neri, Samantha Dart Tamm, Flavio Menezes, Leandro Kume
This paper intends to show that economic incentives can affect the decisions of self-employed people whether to join or not the Brazilian social security system using a Principal-Agent framework....
Welfare Enhancing Mergers under Product Differentiation (2007)
We follow the duopoly framework with differentiated products as in Singh and Vives (1984) and Zanchettin (2006) and examine the welfare effects of a merger between two asymmetric firms. We find that...
Maverick Firms: An Exploratory Analysis of Mortgage Providers in Australia (2007)
Breunig, Robert, Menezes, Flavio
This paper develops an empirical strategy to measure maverick-like behaviour. It applies the strategy to a dataset that contains interest rates charged by mortgage providers in Australia from January...
Auctions with Options to Re-Auction (2006)
A seller has one unit to sell using an English auction mechanism similar to internet auction markets, such as eBay. Bidders appear according to a random arrival process. The seller chooses a reserve...
Auctions with Options to Re-Auction (2006)
A seller has one unit to sell using an English auction mechanism similar to internet auction markets, such as eBay. Bidders appear according to a random arrival process. The seller chooses a reserve...
Lessons from the Electricity Auctions in Brazil (2005)
The first lesson to emerge from the recent auctions falls within a category that might be described as “higher costs of reforms in developing economies.” These range from bidders’ fears of...
Lessons from the Electricity Auctions in Brazil (2005)
The first lesson to emerge from the recent auctions falls within a category that might be described as “higher costs of reforms in developing economies.” These range from bidders’ fears of...
Menezes, Flavio, Quiggin, John
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
Menezes, Flavio, Quiggin, John
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
Some economic aspects of the weapons systems acquisition process (2004)
In this paper we are concerned with the procurement of complex weapons systems. We review the major characteristics of the weapons systems acquisition process that distinguish this process from a...
Some economic aspects of the weapons systems acquisition process (2004)
In this paper we are concerned with the procurement of complex weapons systems. We review the major characteristics of the weapons systems acquisition process that distinguish this process from a...
Some economic aspects of the weapons systems acquisition process (2004)
In this paper we are concerned with the procurement of complex weapons systems. We review the major characteristics of the weapons systems acquisition process that distinguish this process from a...
Some economic aspects of the weapons systems acquisition process (2004)
In this paper we are concerned with the procurement of complex weapons systems. We review the major characteristics of the weapons systems acquisition process that distinguish this process from a...
Menezes, Flavio, Quiggin, John
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
Menezes, Flavio, Quiggin, John
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
Some economic aspects of the weapons systems acquisition process (2004)
In this paper we are concerned with the procurement of complex weapons systems. We review the major characteristics of the weapons systems acquisition process that distinguish this process from a...
Menezes, Flavio, Quiggin, John
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
A model of seller holdout (2002)
Menezes, Flavio, Pitchford, Rohan
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
Menezes, Flavio, Quiggin, John
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
A model of seller holdout (2002)
Menezes, Flavio, Pitchford, Rohan
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
Menezes, Flavio, Quiggin, John, School Of Economics
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
A model of seller holdout (2002)
Menezes, Flavio, Pitchford, Rohan, School Of Economics
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
Menezes, Flavio, Quiggin, John
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
A model of seller holdout (2002)
Menezes, Flavio, Pitchford, Rohan
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
Menezes, Flavio, Quiggin, John
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
A model of seller holdout (2002)
Menezes, Flavio, Pitchford, Rohan
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio, Pitchford, Rohan
We examine the problem of a buyer who wishes to purchase and combine n objects owned by n individual owners to realize a higher value. The owners are able to delay their entry into the sale process:...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio, Pitchford, Rohan
We examine the problem of a buyer who wishes to purchase and combine n objects owned by n individual owners to realize a higher value. The owners are able to delay their entry into the sale process:...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio, Pitchford, Rohan, School Of Economics
We examine the problem of a buyer who wishes to purchase and combine n objects owned by n individual owners to realize a higher value. The owners are able to delay their entry into the sale process:...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio, Pitchford, Rohan
We examine the problem of a buyer who wishes to purchase and combine n objects owned by n individual owners to realize a higher value. The owners are able to delay their entry into the sale process:...
Why do bidders drop out from a sequential auction (2001)
Menezes, Flavio, Engelbrecht-Wiggans, Richard
In actual sequential auctions, bidders typically incur a cost in continuing from one sale to the next, and they decide whether or not to continue. To investigate the question 'why do bidders drop...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio, Pitchford, Rohan
We examine the problem of a buyer who wishes to purchase and combine n objects owned by n individual owners to realize a higher value. The owners are able to delay their entry into the sale process:...
Multiple-unit English auctions (1996)
This paper examines the outcome of an ascending-price multiple-unit auction. Two bidders, facing continuous, downward-sloping demand functions, participate in the auction of some divisible objects....
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of...
Outcomes and Strategy Choices in Tullock Contests
We explore the relationship between the choice of the strategy space and outcomes in Tullock contests. In particular, in a framework where one of the contest's participants moves first, we show that...
Price Regulation in Australia: How Consistent Has It Been?
ROBERT BREUNIG, JEREMY HORNBY, SCOTT STACEY, FLAVIO MENEZES
We assemble a database consisting of 52 regulatory decisions made by seven different regulators across five different industries. We examine how the proportion of firms' revenue requirements that...
We examine a two-sector model characterized by monopoly provision in market 1 and perfect competition in market 2. We follow the set up in Martin (1999), but we consider the case where goods 1 and 2...
Endogenous Mergers under Multi-Market Competition
This paper examines a simple model of strategic interactions among firms that face at least some of the same rivals in two related markets (for goods 1 and 2). It shows that when firms compete in...
Regulation and the Option to Delay
Fernando T. Camacho, Flavio Menezes
This paper examines a simple two-period model of an investment decision in a network industry characterized by demand uncertainty, economies of scale and sunk costs. In the absence of regulation we...
Auction Price Anomalies: Evidence from Wool Auctions in Australia
CHRIS JONES, FLAVIO MENEZES, FRANCIS VELLA
Using detailed Australian wool auction data we test for further evidence of pricing anomalies at sequential auctions. We find that an anomaly frequently exists and order is frequently endogenously...
Game-theoretic analysis is a well-established part of the toolkit of economic analysis. In crucial respects, however, game theory has failed to deliver on its original promise of generating sharp...
We specify an oligopoly game, where firms choose quantity in order to maximise profits, that is strategically equivalent to a standard Tullock rent-seeking game. We then show that the Tullock game...
A note on duplication of R&D and R&D subsidies
Sami Dakhlia, Flavio Menezes, Akram Temimi
We show that the presumed incompatibility of uncoordinated R&D and competition is not fundamental, but hinges on the nature of R&D spillovers. As a consequence, R&D subsidies may be more effective...
A Note on Auctions with Endogenous Participation
Flavio Menezes, Paulo Klinger Monteiro
In this paper, we study an auction where bidders only know the number of potential applicants. After seeing their values for the object, bidders decide whether or not to enter the auction. Players...
Flavio Menezes, Paulo Klinger Monteiro
Suppose a seller wants to sell $k$ similar or identical objects and there are $n>k$ potential buyers. Suppose that buyers want only one object. (This is a reasonable assumption in the sale of...
Synergies and Price Trends in Sequential Auctions
Paulo Klinger Monteiro, Flavio Menezes
In this paper we consider sequential auctions where an individual's value for a bundle of objects is either greater than the sum of the values for the objects separately (positive synergy) or less...
Discrete Public goods with incomplete information.
Flavio Menezes, Paulo Klinger Monteiro, Akram Temimi
We analyze simultaneous discrete public good games with incomplete information and continuous contributions. To use the terminology of Admati and Perry (1991), we consider contribution and...
Paulo Klinger Monteiro, Flavio Menezes
We investigate the outcome of an auction where the auctioneer approaches one of the two existing bidders and offers an opportunity for him to match his opponent's bid in exchange for a bribe. In...
Flavio Menezes, Rohan Pitchford
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Flavio Menezes, Rohan Pitchford
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
Binary games with many players
Flavio Menezes, Rohan Pitchford
We examine a problem with n players each facing the same binary choice. One choice is superior to the other. The simple assumption of competition - that an individual’s payoff falls with a rise in...
Marcelo Neri, Samantha Dart Tamm, Flavio Menezes, Leandro Kume
This paper intends to show that economic incentives can affect the decisions of self-employed people whether to join or not the Brazilian social security system using a Principal-Agent framework....
Auctions with Options to Re-auction
Grant, Simon, Kajii, Atsushi, Menezes, Flavio, Ryan, Matthew
We examine a dynamic model of English auctions with independent private values. There is a single object for sale and it is not possible for the seller, who has a value of zero for the object, to...
Synergies and price trends in sequential auctions
Flavio Menezes, Paulo Monteiro
In this paper we consider sequential second-price auctions where an individual's value for a bundle of objects is either greater than the sum of the values for the objects separately (positive...
Good and Bad Consistency in Regulatory Decisions
Flavio Menezes, Christian Roessler
We examine sources of consistent regulatory decisions in a model where regulators respond to mixed incentives, including career concerns. In the reference case, regulators act as "public servants"...
Menezes, Flavio, Quiggin, John, Wagner, Liam
The terms ‘grandfather clause’ and ‘grandfathering’ describe elements of a policy program in which existing participants in an activity are protected...
Access pricing and investment: a real options approach
Fernando Camacho, Flavio Menezes
Real options, Option to delay, Regulation and investment, Access pricing, L51,
Endogenous Mergers Under Multi-Market Competition
This paper examines a simple model of strategic interactions among firms that face at least some of the same rivals in two related markets (for goods 1 and 2). It shows that when firms compete in...
Welfare Enhancing Mergers Under Product Differentiation
This paper considers a model of duopoly with differentiated products to examine the welfare effects of a merger between two asymmetric firms. We find that for quantity competition, the parameter...
Flavio Menezes, John Quiggin, Liam Wagner
The terms "grandfather clause" and "grandfathering" describe elements of a policy programme in which existing participants in an activity are protected from the impact of regulations, restrictions or...