Progress is traditionally measured by the improvement of an economy's average characteristics from year to year. Some deeper insight might be gained by splitting the averages into explicit parameters for the new and old technologies at work within the same year, and recognising that innovative...

Consider a min-max problem in the form of min<Subscript> xεX </Subscript>max<Subscript>1≤i≤m </Subscript>{f <Subscript> i </Subscript>(x)}. It is well-known that the non-differentiability of the max functionF(x) ≡ max<Subscript>1≤i≤m </Subscript>{f <Subscript> i </Subscript>(x)} presents difficulty in finding an optimal solution. An entropic regularization procedure provides a smooth...</subscript></subscript></subscript></subscript></subscript>

Consider a min-max problem in the form of min xεX max 1≤i≤m {f i (x)}. It is well-known that the non-differentiability of the max functionF(x) ≡ max 1≤i≤m {f i (x)} presents difficulty in finding an optimal solution. An entropic regularization procedure provides a smooth...