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.TH2025
Welfare and Distributional Effects of Joint Intervention in Networks
Ryan Kor, Yi Liu, Yves Zenou +1
We study the optimal joint intervention of a planner who can influence both the standalone marginal utilities of agents in a network and the weights of the links connecting them. T…