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An Interdisciplinary Research Centre at the University of Cambridge
Economic epidemiology
Behaviour and incentives
Optimal polices

Flavio Toxvaerd is Professor of Economics and Public Policy at the Faculty of Economics, University of Cambridge and a fellow of Clare College. He 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). His research interests span economics and epidemiology, with an emphasis on the modelling of behaviour, disease dynamics and infection control (NPIs, lockdowns, vaccines and therapeutics). His work has been published both in economics journals and in outlets such as Epidemics and the Journal of Theoretical Biology.

He is an Affiliated Researcher at the Bennett Institute for Public Policy and a Research Fellow at the Centre for Economic Policy Research. He served as Senior Economic Advisor to the Review on Antimicrobial Resistance, which was set up by HM Government in collaboration with the Wellcome Trust. He is currently the inaugural UKRI Policy Fellow in Competition and Productivity Economics and has also been a member of the Academic Panel, both with the Competition and Markets Authority.


Key publications: 
  • On the Management of Population Immunity (2022), with R. Rowthorn, Journal of Economic Theory, 2022 Sep; 204: 105501, doi: https://10.1016/j.jet.2022.105501
  • Rather Doomed than Uncertain: Risk Attitudes and Transmissive Behavior Under Asymptomatic Infection (2022), with K. Matthies, Economic Theory, 2022 Jul 23: 1-44, doi: https://10.1007/s00199-022-01448-y
  • Challenges of Integrating Economics into Epidemiological Analysis of and Policy Responses to Emerging Infectious Diseases (2022), with C. Dangerfield, E. P. Fenichel, D. Finnoff, N. Hanley, S. H. Heape and J. F. Shogren, Epidemics, 39: 100585,
  • The Great COVID-19 Vaccine Rollout: Behavioral and Policy Responses (2021), with C. Auld; National Institute Economic Review, 257, 14-35
  • Waning Immunity and the Second Wave: Some Projections for SARS-CoV-2, with C. Giannitsarou and S. Kissler (2021), American Economic Review: Insights, 3(3), 1-19
  • Rational Disinhibition and Externalities in Prevention (2019); International Economic Review, 60(4), 1737-1755
  • The Economics of Vaccination (2014), with F. Chen; Journal of Theoretical Biology, 363, 105-117
Professor of Economics and Public Policy
Takes PhD students
Available for consultancy


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