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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

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
Toxvaerd, F.M.O. Strategic Merger Waves: a Theory of Musical Chairs, (2008) Journal of Economic Theory, 140(1), 1-26

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

Toxvaerd, F.M.O Equilibrium Social Distancing, (2020) CWPE2021

Recent Activities

Coronavirus: Global Impact? - Seminar
The Cambridge Enterprise and Technology Club is hosting a virtual event called "Coronavirus: Global Impact?" on Thursday 19th March 2020, from 6.00pm to 9.00pm, and will be live streamed. Dr Flavio Toxvaerd will be presenting at the seminar on his research into vaccination and infectious diseases.
Event Date - Thursday 19th March 2020

Teaching, Learning & Innovation Fund Award
Dr. Flavio Toxvaerd has been awarded a grant by the Teaching, Learning & Innovation Fund. Dr. Toxvaerd's project is "Understanding economic models through interactive graphs: a platform for visualisation and independent student experimentation using Mathematica".
Published on - Monday 28th October 2019

2nd Symposium on Competition Policy
The 2nd Symposium on Competition Policy will be a virtual event that is live-streamed. It will take place on 15th May 2020. More details to follow.
Event Date - Friday 15th May 2020

Symposium on Competition Policy
Dr. Flavio Toxvaerd organised a Symposium on Competition Policy at Clare College Cambridge, on the 17th of May 2019. The Bennett Institute have added videos of the days presentations to their website.
Published on - Thursday 18th July 2019

IMF Antimicrobial Resistance and Pandemics Symposium
Dr. Flavio Toxvaerd will be acting as Facilitator at the The International Monetary Fund (IMF) Antimicrobial Resistance and Pandemics Symposium, held in Washington DC, on 12th February 2019.
Published on - Monday 11th February 2019

Research Grants

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

Keynes Fund Sponsored Projects

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


PIIB Paper 9 - Industrial Organisation Theory
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

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