Rationalizability in continuous games

Define a continuous game to be one in which every player's strategy set is a Polish space, and the payoff function of each player is bounded and continuous. We prove that in this class of games the process of sequentially eliminating “never-best-reply” strategies terminates before or at the first uncountable ordinal, and this bound is tight. Also, we examine the connection between this process and common belief of rationality in the universal type space of Mertens and Zamir (1985).     

When continuous trading becomes continuous: The impact of institutional trading on the continuous trading system of the Warsaw Stock Exchange

This paper examines the impact of a large increase in the number of institutional traders on the performance of a continuous trading system using Polish stock market data. After the Polish pension reform in 1999, the domestic stock market experienced large inflows of money. We theoretically and empirically show that those stocks that are actively traded by pension funds display increases in the share of continuous trading and corresponding liquidity in this system, while no positive effects are found for other stocks. Moreover, we find spill-over effects to the call auction system.     

Anonymity and continuous social choice

Continuity of social choice is reformulated in terms of the quotient topology on profiles of individual preferences induced by the equivalence class corresponding to anonymity. It is shown that Chichilnisky's impossibility continues to hold.     

中间包在连铸中的应用浅析

文章介绍了中间包的结构和加工特点,并说明了高效连铸机对中间包的具体要求。中间包可以稳定钢流,提高铸坯质量。     

Competition under continuous technological change

This paper examines competition patterns and competitive strategies when technology changes continually. It first discusses optimal behavior for investment in technology. It is argued that although technological innovations supersede existing technologies, there are economically justifiable barriers to investing in the new technologies. These economic barriers, coupled with continuous technological change, have implications for certain aspects of strategy, such as entry by means of new technologies, timing of entry, leapfrog-type competition, vertical integration, the productivity dilemma, and escalating commitment. Finally, the industrial transformation of the steel industry is used as an example to illustrate these implications.     

Baseline budgeting for continuous improvement.

This article is designed to introduce the techniques used to convert traditionally maintained department budgets to baseline budgets. This entails identifying key activities, evaluating for value-added, and implementing continuous improvement opportunities. Baseline Budgeting for Continuous Improvement was created as a result of a newly named company president's request to implement zero-based budgeting. The president was frustrated with the mind-set of the organization, namely, "Next year's budget should be 10 to 15 percent more than this year's spending." Zero-based budgeting was not the answer, but combining the principles of activity-based costing and the Just-in-Time philosophy of eliminating waste and continuous improvement did provide a solution to the problem.     

Dynamic capabilities through continuous improvement infrastructure

We examine the content of continuous improvement strategies and identify infrastructure decision areas that are important for continuous improvement initiatives. We present a framework of infrastructure based on the idea that continuous improvement can serve as a dynamic capability when it includes a comprehensive organizational context. Further, we study continuous improvement initiatives in five companies to investigate the practices used by them in each of the decision areas of our framework. This research adds to the conceptual understanding of continuous improvement and results in grounded propositions about critical areas of infrastructure for continuous improvement.     

Functional regression of continuous state distributions

In this paper, we consider a regression model to study the distributional relationship between economic variables. Unlike the classical regression dealing exclusively with mean relationship, our model can be used to analyze the entire dependent structure in distribution. Technically, we treat density functions as random elements and represent the regression relationship as a compact linear operator in the Hilbert spaces of square integrable functions. We propose a consistent estimation procedure for our model, and develop a test to investigate the dependent structure of moments. An empirical example is provided to illustrate how our methodology can be implemented in practical applications.     

Regional economic models and continuous programming

This paper is concerned with an optimal investment allocation problem in a simple N-regional economic model. The problem is described as a class of optimal control problem, and formulated into a continuous linear programming problem. Both the primal and dual problems are considered. The procedure finds an optimal regional allocation of investment derived in terms of continuous programming.     

Existence of continuous residential land-use equilibria

This paper presents a general result on the existence of competitive equilibria for residential land markets in continuous space. Following standard residential land-use theory, such markets are postulated to involve finitely many types of household continua bidding for land within a continuous finite-dimensional space. In contrast to the standard approach of defining an excess-demand correspondence on a price space, the problem here is reformulated in terms of a ‘population excess-supply correspondence’ on a utility space. This approach allows the analysis to be carried out entirely in terms of finite-dimensional methods, and in particular, allows standard types of fixed-point arguments to be employed.     

A strategy for up-dating continuous surveys

Summary The need for regular up-dating of the selection probabilites in continuous surveys is emphasized in this paper. A simple strategy (selection method for the initial sample with the revision procedure) is presented and its application to the Canadian Labour Force Survey is discussed.     

Strategic planning to drive integrated continuous improvement

This case study describes how one company involved multiple levels of all functions to develop a comprehensive strategic plan that drives the continuous improvement initiative. The process involves clearly defining a mission, assessing the current situation, developing goals designed to achieve a preferred future status, and establishing the specific tactics to move toward that preferred future. The plan then drives integrated efforts throughout the organization to help manage the business of providing the highest quality products and services to meet current and anticipated customer requirements.     

Production technologies in stochastic continuous time models

Properties of dynamic stochastic general equilibrium models can be revealed by either using numerical solutions or qualitative analysis. Very precise and intuition-building results are obtained by working with models which provide closed-form solutions. Closed-form solutions are known for a large class of models some of which, however, have some undesirable features such as potentially negative output. This paper offers closed-form solutions for models which are just as tractable but do not suffer from these shortcomings.     

On continuous solutions of a functional equation

In this paper the generalizations of the functional equation due toChaundy andMcLeod have been considered and their continuous solutions have been found. These results are quite rewarding when we find that the solutions that so result can be connected to the additive entropy due toShannon and its non-additive generalization due toHavrda-Charvát andDaróczy.     

大跨度连续刚构桥梁静力计算分析

文章以某大跨度连续刚构桥为例,采用大型有限元计算软件建立完整的有限单元模型,对该大跨度连续刚构大桥进行了承载能力极限状态计算分析,正常使用极限状态荷载组合计算分析和施工阶段应力计算分析,得出了满意的结果。对同类桥梁计算分析有借鉴作用。     

持续审计理论基础分析

持续审计是信息技术环境下审计方法发展的必然趋势,传统审计理论是持续审计发展的理论根源。本文从持续审计的理论基础出发,探讨了持续审计的实施原理。     

Performance measurements for a continuous improvement strategy

In many organizations, performance measurement systems have not appreciably changed to reflect organizational and environmental changes. The objective of this article is to analyze the results of an inappropriate performance measurement system, define the characteristics required of a performance measurement system in a continuous improvement (CI) organization, and give some examples of more appropriate performance measures in a CI company.     

What influences continuous employee development decisions?

Organizational changes have created a need for adaptable pre-trained workers and for employees to have more “protean” career paths and be involved in self-directed ongoing development [Hall & Mirvis, 1995. The new career contract: Developing the whole person at midlife and beyond. Journal of Vocational Behavior, 47(3), 269–289]. To help understand the processes involved in this development, a model of continuous employee development is proposed. This model integrates prior work from career development, training, and education literatures and builds on it by proposing factors that affect the occurrence of future development. Research supporting the model is reviewed and specific testable propositions derived from the variables in the model are given. Recommendations for scale usage in testing the model are also provided. Finally, the novel contributions of the model are highlighted, the practical implications of the model for organizations are outlined, and the role of the education system in these processes is discussed.