Clay weekly context brief for the Economics category (ISO week 2026-W29).

Clay tracks publications from the Economics feed list. Below are recent items from this category, each with its source and a short description of what the publication covers when one is available in the source feed.

Recent publications:
1. Revealed preference with optimal transport: money pumps, bounded rationality, and preference recovery
   Source: econ.TH (Theoretical Economics)
   Link: https://arxiv.org/abs/2404.04843
   This paper explores the connection between two distinct notions of irrationality: the extent to which the consumer fails to maximize his utility function and the extent to which the consumer can be turned into a money pump.
2. Heterogeneous Returns and Wealth Tax Neutrality: A Fokker-Planck Framework
   Source: econ.GN (General Economics)
   Link: https://arxiv.org/abs/2603.16006
   We extend the Fokker-Planck framework of Froseth (2026, arXiv:2603.05283) to populations of investors with heterogeneous, persistent return-generating ability.
3. Deep Learning for Dynamic Programming with Recursive Utility Using First-order Conditions
   Source: econ.EM (Econometrics)
   Link: https://arxiv.org/abs/2607.09461
   This paper proposes the certainty-equivalent first-order learning (CEFOL) algorithm, a deep learning algorithm for solving discrete-time dynamic programming problems with recursive utility.
4. Non-Equilibrium Economics: A Physicist's Point of View
   Source: econ.TH (Theoretical Economics)
   Link: https://arxiv.org/abs/2607.09620
   Financial and economic history is strewn with bubbles and crashes, booms and busts, crises and upheavals of all sorts.
5. Consumption Stimulus with Digital Coupons: Heterogeneity and Policy Design
   Source: econ.GN (General Economics)
   Link: https://arxiv.org/abs/2507.01365
   We study consumption stimulus using digital coupons, which provide time-limited subsidies contingent on minimum spending.
6. From Cross-Validation to SURE: Asymptotic Risk of Tuned Regularized Estimators
   Source: econ.EM (Econometrics)
   Link: https://arxiv.org/abs/2603.20388
   We derive the asymptotic risk function of regularized empirical risk minimization (ERM) estimators tuned by $n$-fold cross-validation (CV).
7. On the sufficiency of unidirectional incentive compatibility in auctions
   Source: econ.TH (Theoretical Economics)
   Link: https://arxiv.org/abs/2606.03051
   We study optimal auction design when the direction of bidders' deviations is restricted.
8. Beyond Trade Openness: Network-Based Evidence on African Economic Integration
   Source: econ.GN (General Economics)
   Link: https://arxiv.org/abs/2410.21019
   This paper develops a network-based methodology for measuring economic integration in Africa.
9. Perturbed utility Markovian traffic equilibrium: theory and computation
   Source: econ.GN (General Economics)
   Link: https://arxiv.org/abs/2607.09568
   Large-scale traffic assignment requires equilibrium models that are both behaviorally plausible and computationally tractable.
10. Voting Biases in Decentralized Autonomous Organization (DAO) Governance
   Source: econ.GN (General Economics)
   Link: https://arxiv.org/abs/2607.09435
   Decentralized Autonomous Organizations (DAOs) use token-weighted voting to allocate resources, set protocol rules, and legitimate collective decisions.

Sources in this brief: econ.EM (Econometrics); econ.GN (General Economics); econ.TH (Theoretical Economics).
Selected 10 of 15 available items for this weekly brief.