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· 2017 · DOI 10.1257/mic.20160082

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econ.TH 1

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2026 1

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UNVERDICTED 1

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When Do Markets Work? Multiplex Networks and Efficiency

econ.TH · 2026-05-20 · unverdicted · novelty 6.0

In Arrow-Debreu economies with multiplex network externalities, competitive markets satisfy the First and Second Welfare Theorems under regularity or identical layer structures; Lindahl equilibria correct remaining inefficiencies via personalized prices.

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  • When Do Markets Work? Multiplex Networks and Efficiency econ.TH · 2026-05-20 · unverdicted · none · ref 26

    In Arrow-Debreu economies with multiplex network externalities, competitive markets satisfy the First and Second Welfare Theorems under regularity or identical layer structures; Lindahl equilibria correct remaining inefficiencies via personalized prices.