The Bavarian Archive for Speech Signals BAS located at the Ludwig Maximilians Universit at M unchen Ger many collects evaluates produces and disseminates Ger man speech resources to the scienti c community Our focus is the German language covering a large geographi cal part of central Europe Speech and speech related resources are usually produced for certain tasks or projects Therefore it is n...

Micro…nance is typically associated with joint liability of group members. However, a large part of micro…nance institutions rather o¤ers individual instead of group loans. We analyze the incentive mechanisms in both individual and group contracts. Moreover, we show that micro…nance institutions o¤er group loans when the loan size is rather large, re…nancing costs are high, and competition betw...

This article considers three standard asset pricing models with adaptive agents and stochastic dividends. The models only di er in the parameters to be estimated. We assume that only limited information is used to construct estimators. Therefore, parameters are not estimated consistently. More precisely, we assume that the parameters are estimated by exponential smoothing, where past parameters...

PURPOSE The purpose of this study was to report survival times and problems encountered with bilateral space maintainers placed over a 7 year period. METHODS Charts were reviewed for all patients who had bilateral space maintainers placed between January 1, 1996 and December 31, 2003. Appliance lifetime and problems encountered were recorded and assessed on July 30, 2005, if still in use. Fai...

The paper considers two countries each populated by workers and capitalists and equipped with a government that collects taxes to nance productive expenditure and income redistribution. The share of income redistributed de nes the size of the welfare state. Both groups in each country bene t from an abolition of the welfare state in the long run. Nevertheless, the optimal scal policy in autarky...

This review of the Conference is not to be construed as an official report of the Drug Research Board. The opinions given herein do not necessarily reflect the official views of any sponsoring group. Participants included: Drs. C. L. Dunham, Leon I. Goldberg ( Chairman), Alexander Leaf, Thomas H. Maren, B. L. Martz, John A. Oates, Henry W. Elliott, Daniel X. Freedman, Kenneth L. Melmon, Paul Pa...

We develop an incomplete contract model to analyze the enlargement strategy of a club facing a membership applicant. Wealth and the degree of conformity with the club’s standards de...ne the applicant’s type. Only a fully conforming entrant bene...ts the club, but conformity is a pure cost to the applicant. The club choses between early admittance, using its institutions to monitor the reform p...