2 papers
econ.TH2026
When Do Markets Work? Multiplex Networks and Efficiency
Chengqing Li, Yves Zenou, Junjie Zhou
We study an Arrow-Debreu economy with externalities generated by multiplex networks. Market equilibrium prices reflect both the preferences and scarcity of goods, consumers' networ…
econ.TH2026
Price Regulation and Network Spillovers
Chengqing Li, Junjie Zhou
We study price regulation for a monopolist operating in networked markets with demand spillovers. Achieving efficiency requires price reductions proportional to consumers' Katz-Bon…