Lipschitz continuity of the gradient mapping of a continuously differentiable function plays a crucial role in designing various optimization algorithms. However, many functions arising in practical applications such as low rank matrix factorization or deep neural network problems do not have a...

This paper measures the evolution of the interdependence level of the global economic system using a novel approach that combines network analysis and time-varying correlations. A Scalar-BEKK model is employed to determine the dynamic conditional bilateral correlations of 102 economies for the...

In the paper, we re-investigate the long run behavior of an adaptive learning process driven by the stochastic replicator dynamics developed by Fudenberg and Harris (1992). It is demonstrated that the Nash equilibrium will be the robust limit of the adaptive learning process as long as it is...

The world’s main accounting standards setters are currently working with an unprecedented agenda of standards development in an attempt not only to bring International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (US GAAP) closer together, but also to...