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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

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

Recent Activities

Covid-19 Search and Matching Workshop
Dr Flavio Toxvaerd is presenting his research into "Social Distancing" at Session 3 of the "Covid-19 Search and Matching Workshop" on 28th May 2020, from 4.00pm - 6.15pm UK time. This online event will look at how the economics of search and matching models can be useful for understanding economic and virological aspects of the Coronavirus epidemic and is open to the public. Please register to watch the Workshop.
Published on - Thursday 28th May 2020

COVID Economics Alumni Webinar Series
Cambridge-INET and Dr. Meredith Crowley are hosting a series of public lectures for Cambridge Alumni. The forth of these webinars " Integrating economics into epidemiological approaches", will take place on Friday 5th June 2020, at 1.00pm and feature talks by Dr Flavio Toxvaerd and Professor Oliver Linton. Please see the Cambridge-INET COVID Economics Alumni webinar series webpage for details.
Published on - Tuesday 12th May 2020

COVID-19 Economics Rapid Response Webinar
Cornell University is hosting a virtual event called "Integrated Economic Analysis Needed to Advance Short Term Decision-Making in the Novel Coronavirus Pandemic" on Tuesday 7th April 2020, from 1:00pm to 2:30pm. This webinar will be live streamed. Dr Flavio Toxvaerd will be presenting at the event on his research into social distancing and the economics of infectious diseases.
Event Date - Tuesday 7th April 2020

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

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)

COVID-19 Economic Research

Special Feature: The Economics of Infection


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