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Research Interests

Microeconomic Theory. Game Theory. Finance. Industrial Organisation. Economic Epidemiology.


Holds degrees from the University of Copenhagen (BSc Economics, MSc Economics), the London School of Economics (MSc Econometrics and Mathematical Economics) and the London Business School (PhD Economics). Was awarded a Mid-Career Fellowship by the British Academy (2012-2013).

Recent Publications

Published Papers

Giannitsarou, C., Kissler, S. and Toxvaerd, F. Waning Immunity and the Second Wave: Some Projections for SARS-CoV-2, (2021) American Economic Review: Insights, forthcoming
Toxvaerd, F.M.O. Rational Disinhibition and Externalities in Prevention, (2019) International Economic Review, 60, 1737-1755
Toxvaerd, F.M.O. Dynamic Limit Pricing, (2017) The RAND Journal of Economics, 48(1), 281-306
Chen, F. and Toxvaerd, F.M.O The Economics of Vaccination, (2014) Journal of Theoretical Biology, 363, 105-117
Gershkov, A. and Toxvaerd, F.M.O On Seller Estimates and Buyer Returns, (2013) Economic Theory Bulletin, 1 (1), 47-55

Working Papers

Toxvaerd, F.M.O. and Matthies, K., Rather Doomed than Uncertain: Risk Attitudes and Sexual Behavior under Asymptomatic Infection, submitted
Toxvaerd, F.M.O. and Rowthorn, R., The Optimal Control of Infectious Diseases via Prevention and Treatment, updated 2015. Additional appendix available
Toxvaerd, F.M.O., On the Dynamics of Beliefs and Risky Sexual Behavior, 2014

Cambridge Working Papers in Economics

Makris, M. and Toxvaerd, F. Great Expectations: Social Distancing in Anticipation of Pharmaceutical Innovations, (2020) CWPE2097
Toxvaerd, F. and Rowthorn, R. On the Management of Population Immunity, (2020) CWPE2080
Rowthorn, R. and Toxvaerd, F.M.O The Optimal Control of Infectious Diseases via Prevention and Treatment, (2020) CWPE2027
Toxvaerd, F.M.O Equilibrium Social Distancing, (2020) CWPE2021
Giannitsarou, C., Kissler, S., Toxvaerd, F. Waning Immunity and the Second Wave: Some Projections for SARS-COV-2, (2020) CWPE20126

Recent Activities

How Europe's Vaccine Wars Could Hinder the Fight Against COVID Variants
Dr. Flavio Toxvaerd was quoted in an article for NBC News, where he spoke about the effect possible trade restrictions could have on international distribution of COVID-19 vaccines and on new variants.
Published on - Thursday 25th March 2021

Easing Lockdown Restrictions
Dr. Flavio Toxvaerd was interviewed for BBC News Scotland, where he talked about the implications of easing the current lockdown restrictions and the differences in approach between the UK Government and Scottish Parliament, for the easing the restrictions.
Published on - Wednesday 3rd March 2021

Tensions Over EU Vaccine Distribution Threaten to Boil Over
Dr. Flavio Toxvaerd was interviewed for BBC World Service's Marketplace Morning Report programme, where he spoke about the distribution of COVID-19 vaccines to the European Union.
Published on - Thursday 28th January 2021

Europe Walks a Tightrope as it Waits for Virus Immunity to Take Hold
As many countries are starting to vacinate against Covid, Dr. Flavio Toxvaerd explains that it becomes all the more important for people to avoid contracting coronavirus as vaccination picks up.
Published on - Monday 18th January 2021

Social Distancing: Two Extensions of the Standard Model Research Seminar
Dr. Flavio Toxvaerd gave a talk about his research into "Social Distancing: Two Extensions of the Standard Model" as part of the Adam Smith's Panmure House research seminar series.
Published on - Tuesday 12th January 2021

Research Grants

Mid-Career Fellowship: The Economics Of Infectious Disease (British Academy)

Keynes Fund Sponsored Projects

Giannitsarou, C., Toxvaerd, F. and Collier, N., Mapping of Rumours and Information Diffusion (JHOQ)

COVID-19 Economic Research

Special Feature: The Economics of Infection


PIIB Paper 9 - Industrial Organisation: Theory
PIIB Paper 9 - Industrial Organisation: Topics
MPhil S170 - Industrial Organisation

PhD Students


Jakob Berndt
PhD Title: Indoctrination and Belief Manipulation in Social Networks
Research: Microeconomic Theory, Information Economics, Networks
Yi Wei
PhD Title: Dynamic Competition, Collusion and Intertemporal Capacity Constraint
Darren Hoover
PhD Title:
Research: The Dynamics of Network Formation over Physical Spaces

Dr Flavio Toxvaerd

University Lecturer

Research Group:
Microeconomic Theory

CV: Curriculum Vitae

Personal Site:

Contact Details
Room: 32
Office Hours: By appointment only
College: Fellow Clare College