In the last few decades, research techniques have improved lossless compression ratios by significantly increasing processing time. However, these techniques have not gained popularity in industry because production systems require high throughput and low resource utilization. Instead, real world improvements in compression are increasingly realized by building application-specific compressors which can exploit knowledge about the structure and semantics of the data being compressed. Application-specific compressor systems outperform even the best generic compressors, but these techniques have severe drawbacks -- they are inherently limited in applicability, are hard to develop, and are difficult to maintain and deploy. In this work, we show that these challenges can be overcome with a new compression strategy. We propose the "graph model" of compression, a new theoretical framework for representing compression as a directed acyclic graph of modular codecs. OpenZL implements this framework and compresses data into a self-describing wire format, any configuration of which can be decompressed by a universal decoder. OpenZL's design enables rapid development of application-specific compressors with minimal code. Experimental results demonstrate that OpenZL achieves superior compression ratios and speeds compared to state-of-the-art general-purpose compressors on a variety of real-world datasets. Compared to ratio-focused deep-learning compressors, OpenZL is competitive on ratio while being many orders of magnitude faster. Internal deployments at Meta have also shown consistent improvements in size and/or speed, with development timelines reduced from months to days. OpenZL thus represents a significant advance in practical, scalable, and maintainable data compression for modern data-intensive applications.

Kakade, Kearns, and Ortiz (KKO) introduce a graph-theoretic generalization of the classic Arrow--Debreu (AD) exchange economy. Despite its appeal as a networked version of AD, we argue that the KKO model is too local, in the sense that goods cannot travel more than one hop through the network. We introduce an alternative model in which agents may purchase goods on credit in order to resell them. In contrast to KKO, our model allows for long-range trade, and yields equilibria in more settings than KKO, including sparse endowments. Our model smoothly interpolates between the KKO and AD equilibrium concepts: we recover KKO when the resale capacity is zero, and recover AD when it is sufficiently large. We give general equilibrium existence results, and an auction-based algorithm to compute approximate equilibria when agent utilities satisfy the weak gross-substitutes property.