ࡱ> ~h5@ Rpbjbj222XXEFFFFFFFZbbb84LZ!N*& " !!!@MBMBMBMBMBMBM$KORQfMuFP&!!P&P&fMFF MXCXCXCP&F F @MXCP&@MXCXCCrKTFFL  _b=,LLdM0!N:Lz)RB)RLZZFFFF)RFL(!H #XC#$!!!fMfMZZBCZZASN0xvzkugQ[ N яNt^gQ;Nxvzbgf0#~'`ku3uˊBf ajD Nt^^xvz2^1XJT N xvzkuKǸofSvv0ˊs,gxvzkuKǸof0vv0͑'`S WgQY gܕ,gkuKNxvz`l0͑Se{sKNUI{0,gkuYpteTWxvzkuKNP[ku ˊ1\N NTޞR%RfvQNP[kuKNvܕ'`0  N xvzel02Lek_SWL2^0ˊRt^R1.,gkuc(uKNxvzelSV02.SmGKNVSzl_03.͑QhVKNMTO(u`b_04.YpteTWxvzku ˊ1\N NTޞR%RfvQNP[kuKNvܕ'`05.Ypt WYb'Yx0W@Sxvz ˊsvQ_'`NSgbgI{0 V g[bKN]\OvSbg0ˊRt^R1.g[bKN]\Ov02. \ex[Sxvz0 W[|vU\SvQNa(uebgKN{s03. \eSKN]\ONT gSrsKN}04.,gkuYpteTWxvzkuKNP[ku ˊ1\N NTޞR%RfvQNP[kuKNvܕ'`0 N яNt^gQ;Nxvzbgf яNt^gQ;NxvzgQ[ 'YSRpScpe,gmiNR0]|vhKNW\O ܕeScpmiebvxvzSb 1 2002 0An Empirical Study of Convergence in Japan and Taiwan Agriculture 00mi}oJSt^ R0 -N'Yx[mi}o|0 2 2003 0cpe,gT#~^[@b_mi@b_bw]puKNRg 00cpLc[ R0 cpL}oxvz[0 ܕee,gmiebvxvzSb 1 2002 0An Empirical Study of Convergence in Japan and Taiwan Agriculture 00}oJSt^ R0 -N'Yx[mi}o|0 2 2003 0cpe,gT#~^[@b_mi@b_bw]puKNRg 00cpLc[ R0 cpL}oxvz[0 3 2004 00b_e,g[bSHesTMnHesKNxvz 00mi}oJSt^ R0 -N'Yx[mi}o| Wyg܈R ku}_NSC-89-2415-H-324-007 0 dkY\ g 0Japanese Farm Families TFP Growth Decomposition During the Post-War Period 0KN֊enPb?z Wx[S Rir0 0WTOԚ6R Ne,ge;zs|?eV{KNHegRg 0S 0}o|vU\06R^w \Scp0b_miOw?eV{vq_ 0NeGR(W9e[-N0 1ueScpe,g Tl\\ W}o njn gP0NS>wY0N0WkOؚ0W0W)R(u 0Ɩ} 0I{.z.zmihN0tXS@bb聄vmiOULve[teb,gQxe(WSޞvs^nGP- GRteb,gScOnj"uV['`vgQuSnˑ NsSGP-b,gQxep}WBf \"uunj"uV[vP}g0 teb,gt֊(W[Ieb YWhited (1998)|vs1982-1987KN W miwQ g^}Wvteb,g0Lansink and Stefanou (1997)|vsq_P[Py0ee 䅮i[R2000 00W)R(uRKaHes'`KNjI 0 2000t^^e,gmi}ox[g֊eƖ 15-190ee Abel, A. B. and Eberly, J. C. (1994)  A Unified Model of Investment under Uncertainty, American Economic Review, 84, 1369-1384. Chavas, J. P. (1994) Production and Investment Decisions under Sunk Cost and Temporal Uncertainty, American Journal of Agricultural Economics, 76(1): 114-127. Chirinko, R. S. (1993) Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications, Journal of Economic Literature, 31(4): 1975-1911. Cochrane, W. W. (1955) Conceptualizing the Supply Relation in Agriculture, Journal of Farm Economics, 37: 1161-1176. Edwards, C. (1959) Resource Fixity and Farm Organization, Journal of Farm Economics, 41:747-759. Epstein, L. G. and Denny, M. G. S. (1983) The Multivariate Flexible Accelerator Model: Its Empirical Restrictions and an Application to U.S. Manufacturing, Econometrica, 51(3): 647-674. Gardebroek, C. and Lansink, A.O. (2004) Farm-specific Adjustment Costs in Dutch Pig Farming, Journal of Agricultural Economics, 55(1): 3-24. Howard, W. H. and Shumway, C. R. (1988) Dynamic Adjustment in the U.S. Dairy Industry, American Journal of Agricultural Economics, 70: 837-847. Hsu, S. H. and Chang, C. C. (1990) An Adjustment Cost Rationalization of Asset Fixity Theory, American Journal of Agricultural Economics, 72(1): 298-308. Johnson, G. L. (1956) Supply FunctionsSome Facts and Notions, Agricultural Adjustments Problems in a Growing Economy, Earl Heady et al. (eds): Iowa State University Press. Johnson, G. L. (1982) An Opportunity Cost View of Fixed Asset Theory and the Overproduction Trap: Comment, American Journal of Agricultural Economics, 64: 773-775. Lansink, A.O. and Stefanou, S. E. (1997) Asymmetric Adjustment of Dynamic Factors at the Firm Level, American Journal of Agricultural Economics, 79: 1340-1351. Luh, Y. H. and Stefanou, S. E. (1996) Estimating Dynamic Dual Models under Nonstatic Expectations, American Journal of Agricultural Economics, 78: 991-1003. Pindyck, R. S. (1991) Irreversibility, Uncertainty, and Investment, Journal of Economic Literature, 29(3): 1110-1148. Pindyck, R. S. and Rotemberg, J. J. (1983) Dynamic Factor Demands and the Effects of Energy Price Shocks, American Economic Review, 73(5): 1066-1079. Shapiro, M. D. (1986) The Dynamic Demand for Capital and Labor, Quarterly Journal of Economics, 101: 513-542. Stefanou, S. E., Fernandez-Cornejo, J., Gempesaw II, C. M. and Elterich, J. G. (1992) Dynamic Structure of Production under a Quota: The Case of Milk Production in the Federal Republic of Germany, European Review of Agricultural Economics, 19:283-299. Thijssen, G. J. (1996) Farmers Investment Behavior: An Empirical Assessment of Two Specifications of Expectations, American Journal of Agricultural Economics, 78: 166-177. Vasavada, U. and Chambers, R. G. (1986) Investment in U.S. Agriculture, American Journal of Agricultural Economics, 68: 950-960. Whited, T. M. (1998) Why Do Investment Euler Equations Fail? Journal of Business and Economic Statistics, 16: 479-488.  N xvzel02Lek_SWL2^ 1. xvzel (1) t֊gi ,gxvzKNt֊!jWNChavas (1994)pWy &N9hdLansink and Stefanou (1997)0Gardebroek(2004) 0Gardebroek and Lansink(2004) GP-(Wtg Nh'`[hvvjQxeCNBl*gOsёAmϑbsBHTZtxJho 1B*PJphho 1B*PJo(ph\JLRT,.6>DH24\`  "*.24x&(68JL " ho 15PJho 15PJo( ho 1PJ ho 1PJo(ho 15B*PJphho 15B*PJo(phho 1B*PJphho 1B*PJo(phG" * . < @ H J L N d f h p z ~ !!$!,!6!8!N!P!!!!!!!V"X"r"t"""""####&#(#L#R#^#`#h#j#######j$l$v$x$$$$$%%~%%%%%%$&&&&&&&''' ''''( ((ho 1B*PJo(phho 1B*PJph\(J(N())<)>)L)N)))**x*z*******++>+@+l+n+++++++,,,, ,$,>,@,p,r,,,,,,,,,,,,,,,,---,-0-------... .".&.6.8.<.>.L.N.l/p/t/v///000000ho 1B*PJo(phho 1B*PJph\0000000000011122"2022242D22222223333@5B5H5J5`5b5556F6J6f6h6666666666667@7\7778"8^8t8889Ϸho 1>*B*KHPJphho 1B*KHPJphho 15B*PJphho 15B*PJo(ph ho 1PJ ho 1PJo(ho 1B*PJo(phho 1B*PJphB-0D4666*7x776888<9x999&:r::;<@=$ & FdhG$H$a$$ & Fa$idh9DH$VDWD`idhG$H$ dhG$H$WD` dhG$H$`99N9d99999999: :::D:V::::;;T<~<=,==== >>>>>5?V?????X@@@ AAAAAPBzBBBBCCACmCpCCCCCCCC͵͵͵͵͵ͦ͵͵͵ho 16B*PJ]o(phho 1B*PJo(phho 16B*PJphho 1B*PJphho 1>*B*KHPJo(phho 1B*KHPJphho 1>*B*KHPJphA@==>>e??@CAAB*CC:DDEXFFTG$H4HFHI dhG$H$WD`dhG$H$ $dhG$a$ $xWD^x`$ & Fa$$ & FdhG$H$a$CCCCCD&D{DDrEEFIFXF`FbFeFiFxF|F~FFFFFFFFFFFFFGEGH$H*H2H4HK@KBKdKlKnKvK|K~KKKKKKKKKKKKKLL.L0LķķīīėraīM&j"KaE ho 1B*KHPJUVph jho 1B*EHPJUph&jPOaE ho 1B*KHPJUVph jho 1B*EHPJUph&jMaE ho 1B*KHPJUVphho 1B*PJo(phho 16B*PJ]phho 1B*PJphjho 1B*PJUph jho 1B*EHPJUph"j+_E ho 1B*PJUVph0L2L4L:LM@M־ʾʾ֪־־օtb"jkKaE ho 1B*PJUVph jho 1B*EHPJUph&jKaE ho 1B*KHPJUVph jho 1B*EHPJUph&jKaE ho 1B*KHPJUVphho 1B*PJo(phho 16B*PJphho 1B*PJphjho 1B*PJUph jho 1B*EHPJUph @MBMDMRMTMjMlMMMMMMMMMMMMMNN N N N"NHNJNֶ֓p_M"jMaE ho 1B*PJUVph jP#ho 1B*EHPJUph"jMaE ho 1B*PJUVph jY!ho 1B*EHPJUph"jJaE ho 1B*PJUVph jYho 1B*EHPJUph&jJaE ho 1B*KHPJUVphho 16B*PJphho 1B*PJphjho 1B*PJUph jho 1B*EHPJUphJNLNNNtNxNNNNNNNNNNNNNNNNN"O$O&O(O2O4OZO\Oֶ֓n]K"jI._E ho 1B*PJUVph jG+ho 1B*EHPJUph&jMaE ho 1B*KHPJUVph j<)ho 1B*EHPJUph"j-_E ho 1B*PJUVph j'ho 1B*EHPJUph&jJaE ho 1B*KHPJUVphho 1B*PJo(phho 1B*PJphjho 1B*PJUph j$%ho 1B*EHPJUph\O^O`ObOdOOOOOOOOOOOOOPzzz z0z2z4z6z8z:z`zbzzzzzzzzij֧֧֧֧֥֧Ĕ֧րo j3ho 1B*EHPJUph&jm\E ho 1B*KHPJUVph jZ1ho 1B*EHPJUphUho 1B*PJo(ph j/ho 1B*EHPJUph"jAOaE ho 1B*PJUVphho 1B*PJphjho 1B*PJUph j_-ho 1B*EHPJUph$RBf GR EMBED Equation.3 p00dkY nj,gP EMBED Equation.3  FOW0WSRRP0  EMBED Equation.3 =0  EMBED Equation.3 <0 N.zS T.z`lvnV[beQPy}xe0?eV{xeT"ufz-rXR \[bnjLp!j_vq_ SnV[u"u }P}itevf z^0 3. Se{s 1. Ngg1990 0mibnjLp-Yϑbnj!jWva(u 0mi}oJSt^ R 48 1-330 2. Chavas, J. P. (1994)  Production and Investment Decisions under Sunk Cost and Temporal Uncertainty, American Journal of Agricultural Economics, 76(1): 114-127. 3. Epstein, L. G. and Denny, M. G. S. (1983)  The Multivariate Flexible Accelerator Model: Its Empirical Restrictions and an Application to U.S. Manufacturing, Econometrica, 51(3): 647-674. 4. Gardebroek, C. (2004)  Capital Adjustment Patterns on Dutch Pig Farms, European Review of Agricultural Economics, 31(1): 39-59. 5. Gardebroek, C. and Lansink, A.O. (2004)  Farm-specific Adjustment Costs in Dutch Pig Farming, Journal of Agricultural Economics, 55(1): 3-24. 6. Howard, W. H. and Shumway, C. R. (1988)  Dynamic Adjustment in the U.S. Dairy Industry, American Journal of Agricultural Economics, 70: 837-847. 7. Lansink, A.O. and Stefanou, S. E. (1997)  Asymmetric Adjustment of Dynamic Factors at the Firm Level, American Journal of Agricultural Economics, 79: 1340-1351. 8. Luh, Y. H. (1998)   HYPERLINK "http://0-163.17.17.9.millennium.lib.cyut.edu.tw/ncl-cgi/hypage.exe?HYPAGE=Search_Detail.htm&qstr=732c632c302c6e2c51756572793d41393830363136322c32302c302cbdd5bee3a6a8a5bb0101bdd5bee3a6a8a5bb01bdd5bee3a6a8a5bb01010101bdd5bee3a6a8a5bb" How to Measure Productivity Growth When Adjustment is Costly and Prices Are Stochastic, Taiwan Economic Review, 26(1): 19-42 9. Luh, Y. H. and Stefanou, S. E. (1996)  Estimating Dynamic Dual Models under Nonstatic Expectations, American Journal of Agricultural Economics, 78: 991-1003. 10. Paris, Q. and Howitt, R. E. (1998)  An Analysis of Ill-posed Production Problems Using Maximum Entropy, American Journal of Agricultural Economics, 80: 124-138. 11. Pindyck, R. S. and Rotemberg, J. J. (1983)  Dynamic Factor Demands and the Effects of Energy Price Shocks, American Economic Review, 73(5): 1066-1079. 12. Shapiro, M. D. (1986)  The Dynamic Demand for Capital and Labor, Quarterly Journal of Economics, 101: 513-542. 13. Stefanou, S. E., Fernandez-Cornejo, J., Gempesaw II, C. M. and Elterich, J. G. (1992)  Dynamic Structure of Production under a Quota: The Case of Milk Production in the Federal Republic of Germany, European Review of Agricultural Economics, 19:283-299. 14. Thijssen, G. J. (1996)  Farmers Investment Behavior: An Empirical Assessment of Two Specifications of Expectations, American Journal of Agricultural Economics, 78: 166-177. 15. Vasavada, U. and Chambers, R. G. (1986)  Investment in U.S. Agriculture, American Journal of Agricultural Economics, 68: 950-960. 16. Whited, T. M. (1998)  Why Do Investment Euler Equations Fail? Journal of Business and Economic Statistics, 16: 479-488. V g[bKN]\OvSbg 1. g[bKN]\Ov (1) e{sVg 6eƖ0 WgQYvܕe{s N^zivuv!jWTϑel0 (2) q}nje6eƖtet6eƖ0Y_te[IRg@bKNe,g[beQ0"uQ0Pho 1B*EHPJUph&j)tE ho 1B*KHPJUVphB}D}F}}}}}}}~~,~.~0~2~<~>~d~f~h~j~~~~~~~~±֝xg[[ho 1B*PJo(ph jlQho 1B*EHPJUph&j _E ho 1B*KHPJUVph jMho 1B*EHPJUph&jW _E ho 1B*KHPJUVph jJho 1B*EHPJUph&jpQaE ho 1B*KHPJUVphho 1B*PJphjho 1B*PJUph j2Hho 1B*EHPJUph~~~~~~BDFHz| ¶¶¢}lXG j\ho 1B*EHPJUph&j5_E ho 1B*KHPJUVph j&Zho 1B*EHPJUph&j_E ho 1B*KHPJUVph jVho 1B*EHPJUph&j=_E ho 1B*KHPJUVphho 1B*PJo(phho 1B*PJphjho 1B*PJUph jTho 1B*EHPJUph&j[_E ho 1B*KHPJUVph 0246bdtvĀ*,.024Z\~m["jil\E ho 1B*PJUVph j;fho 1B*EHPJUph"jCl\E ho 1B*PJUVph jbho 1B*EHPJUph&jMtE ho 1B*KHPJUVphho 1B*PJo(phjho 1B*PJUph j`ho 1B*EHPJUph&jj_E ho 1B*KHPJUVphho 1B*PJph\^`bd "H±֥֥֥֑n] jDoho 1B*EHPJUph"jCl\E ho 1B*PJUVph j#mho 1B*EHPJUph&jl\E ho 1B*KHPJUVphho 1B*PJo(ph jjho 1B*EHPJUph&j_E ho 1B*KHPJUVphho 1B*PJphjho 1B*PJUph jhho 1B*EHPJUphHJLN\^"®‰xdS jyho 1B*EHPJUph&jlaE ho 1B*KHPJUVph jwho 1B*EHPJUph&j_E ho 1B*KHPJUVph jquho 1B*EHPJUph&jl\E ho 1B*KHPJUVphho 1B*PJphjho 1B*PJUph jqho 1B*EHPJUph&jlaE ho 1B*KHPJUVphZ\6؄<vڅJȊB,dhG$ dhG$H$WD` $dhG$H$a$dhG$H$"$&(*,RTVX\^ƒăƃȃʃ̃®‰xgS&joxaE ho 1B*KHPJUVph jho 1B*EHPJUph j ho 1B*EHPJUph&j:waE ho 1B*KHPJUVph jho 1B*EHPJUph&jW_E ho 1B*KHPJUVphho 1B*PJphjho 1B*PJUph j}ho 1B*EHPJUph&j_E ho 1B*KHPJUVph$&(*8:`bdfhj„ĄƄȄ±֝ziUD jho 1B*EHPJUph&jlaE ho 1B*KHPJUVph jRho 1B*EHPJUph"jil\E ho 1B*PJUVph j1ho 1B*EHPJUph&jl\E ho 1B*KHPJUVph jWho 1B*EHPJUph&jxaE ho 1B*KHPJUVphho 1B*PJphjho 1B*PJUph jho 1B*EHPJUphȄڄ܄ 2468<>dfhjxzЅ҅yhT&jl\E ho 1B*KHPJUVph jOho 1B*EHPJUph jЛho 1B*EHPJUph&j'maE ho 1B*KHPJUVph j|ho 1B*EHPJUph"jCl\E ho 1B*PJUVph j\ho 1B*EHPJUph&jc\E ho 1B*KHPJUVphjho 1B*PJUphho 1B*PJph҅ԅօڅ܅8:<>LNtvxz|~±֝xgSB jho 1B*EHPJUph&j_E ho 1B*KHPJUVph jcho 1B*EHPJUph&jc\E ho 1B*KHPJUVph jho 1B*EHPJUph&j/vaE ho 1B*KHPJUVph jho 1B*EHPJUph&jvaE ho 1B*KHPJUVphho 1B*PJphjho 1B*PJUph joho 1B*EHPJUphֆ؆چ܆  "HJLNPRxz|~箝xdS jQho 1B*EHPJUph&jZ_E ho 1B*KHPJUVph j ho 1B*EHPJUph&jyaE ho 1B*KHPJUVph jGho 1B*EHPJUph&jvaE ho 1B*KHPJUVph jðho 1B*EHPJUph&jvaE ho 1B*KHPJUVphho 1B*PJphjho 1B*PJUphć҇؇.0ވz| hxȊʊ̊ڊ,>BDjl¶¶¶¶¶¶¶¶¶¶¶¶¶¶¶¶¶­¶¶¶¶¶&j`lmE ho 1B*KHPJUVphho 15B*PJphho 15PJo(ho 1B*PJo(phho 1B*PJphjho 1B*PJUph jho 1B*EHPJUph&jwaE ho 1B*KHPJUVph6lnpҋԋ "*,RTVXx~ΌЌތij֦֦֦֦֦֒uiiiiiiiho 16B*PJphho 1B*PJo(ph j7ho 1B*EHPJUph&j#h\E ho 1B*KHPJUVphho 16B*PJ]ph j9ho 1B*EHPJUph"je\E ho 1B*PJUVphho 1B*PJphjho 1B*PJUph jFho 1B*EHPJUph) "HJprtvxz|Ƕꖅq`L&j tE ho 1B*KHPJUVph jho 1B*EHPJUph&j_E ho 1B*KHPJUVph j[ho 1B*EHPJUph&j tE ho 1B*KHPJUVphho 1B*PJo(ph j:ho 1B*EHPJUph&jl\E ho 1B*KHPJUVphjho 1B*PJUphho 1B*PJphho 16B*PJph,F684ҐHJf֖Κ0z*X$ dhG$H$WD8^` a$$ WD8^` a$dhG$ $dhG$H$a$dhG$H$ dhG$H$` $*68<>dfhjlnĎƎȎʎ̎Ύֶ֑l[ j;ho 1B*EHPJUph&j: tE ho 1B*KHPJUVph jho 1B*EHPJUph&j0 tE ho 1B*KHPJUVph jho 1B*EHPJUph&j% tE ho 1B*KHPJUVphho 1B*PJo(phho 1B*PJphjho 1B*PJUph jho 1B*EHPJUph@Bhjlnprҏԏ "&068^`¶¢}l¶¶¶¶¶¶X&jl\E ho 1B*KHPJUVph jho 1B*EHPJUph&jZ tE ho 1B*KHPJUVph jho 1B*EHPJUph&jL tE ho 1B*KHPJUVphho 1B*PJo(phho 1B*PJphjho 1B*PJUph jvho 1B*EHPJUph&jB tE ho 1B*KHPJUVph!`bdfhĐҐ֐‘`bnp8:<@fh$*<HJRij֟ւււււււււււււււyho 15PJo(ho 1B*PJo(ph jhho 1B*EHPJUph&j tE ho 1B*KHPJUVph jho 1B*EHPJUph"jCl\E ho 1B*PJUVphho 1B*PJphjho 1B*PJUph jho 1B*EHPJUph.Rfrt֕ؕ 02XZ\^z|֖ؖ&(:<DFꯞyllllho 16B*PJ]ph jho 1B*EHPJUph&j0mmE ho 1B*KHPJUVph jho 1B*EHPJUph&jaE ho 1B*KHPJUVphjho 1B*PJUphho 16B*PJphho 1B*PJo(phho 1B*PJphho 15B*PJph*FLNVX`bjlt֗ڗ2<`hv~Ԙܘ4<RZpxؙڙ*,Ě̚Κ֚꼵ŧho 1B*KHPJphho 1B*KHPJo(ph ho 15PJho 15PJo(ho 1B*PJo(phho 1B*PJ]phho 16B*PJ]phho 1B*PJphho 16B*PJph908Vz֝ HLʟ *28TX`v|.ҢԢlntƥ4R\4ж旉ho 1B*KHPJ\phho 16B*KHPJph jho 1B*KHPJUphho 1B*KHPJo(phho 16B*PJphho 1B*PJphho 1B*PJo(phho 1B*KHPJphho 1>*B*KHPJph6XRv~,v$Lfdh9DH$WDk]L^f`a$gd7$Lhdh9DH$WDj]L^h`a$gd7$Ldh9DH$]La$gd7 dhG$gd7$xWD^x`gd7$ dhG$H$WD8^` a$4dVvb~tȭ 08<B~خܮ~ԯ*,<>tv028fhȱ"ƿ h7PJh7B*PJphh7B*PJo(phh75PJo( h75PJ h7PJo(h75PJ\o(ho 16B*PJphho 1B*PJo(phho 1B*PJphho 16B*PJ]ph:02h8:LNPhjlnph]h&`#$ $dhG$H$a$hdh9DH$WDj^h`gd7$ dhVD^a$gd7$dh9DH$VDWD`a$gd7"$HVhj|8:<HJLPR^`dfhlnpӾɺh7h70JmHnHuho 1 ho 10Jjho 10JUho 15B*PJ\phh7B*PJphh7B*PJo(ph01h2P. A!"#$%S Dd h0  # A2v+^w^RDv`!J+^w^ @|xڝQJA}3"A1J$)T.Fi^,\g6 ͛*>0Z!Y5b"1uh K^YHf0 AoRW =Q'O1pv6^ ѿO㱾s}]zD[Rςdzg;KXްwJAHQ@Ѭh6B2`[f??CUi_@bn<sv2n/wesᑠ|KTDd J  C A? "2"]$xV Rxwj>v`!]$xV Rxwj`@Pxcdd``db``baV d,FYzP1n:BB@?b B,@=P5< %! vfjv ,L ! ~ Ay bGXr @@ڈ Hkl%l ~t%>?,2jH2 Ma(w `庈s`bg{1Ub &ν?j.*o ?` k\>xKi?8~ q)7+J%0~Xʃ* U$'_/aEU/ᣇ#=Y _2wea[z %.nwQ4rs88@$= t021)Wĸ g!M~dQϋDd hh0  # A2u]Z wE>qQv`!I]Z wE>q@@||xڝPJA} $$"VbL&֦88S! G@[-lB~Cٹ} v͛K &\p)"HYkц? K^]Uh:2oU7Uq90iow2WV,UV,WI_?f:|31XL^z|)9K)#RwLp ]J4IA&Xc~{Gu3){3$t >͗-\.EF|Dd |h0  # A2l&Ǧgydfv`!^l&Ǧgyd`@0|,xmPJQ=37ظH]-EAXDXX5,, k oܻʁa=sjz؀%q&;f:ydUM;$qc }``f 7S+F2'ީ{gpxE%*;ĖFcҒ(|zM‹|dG;4yM("E̓R&wE, +U(=kѷļM&tmc};^ž>2&FG!&Dd |0  # A2'c1|G'bKb~ v`!v'c1|G'bKb2`@C0DxuJ@`BkQ=R=w+4@ATD< $>^Ӵ |.!+0֠ל<+&*4MrϞ | ;4XE(}GcPagZy#y@Of<Ը{Io]bppCNvx^}vYw~[HA4Gzu;kڡiIԜkV2n=ɴ:q)T^ WRurKfA͋a 69|[3h ,yW#zovGz<ҵ{0=!?wg\Dd 0DJ  C A? "2osBå=l+ v`!osBå=l Hxcdd``eb``baV d,FYzP1n: B@?b zjx|K2B* Rͤ KXB2sSRsĜ  ,@u@@ڈk 9.VJ߁‡<= LG9AFhVYM`5* dopenR~CP`+#\_P{0!XᎧ\6 L`{|nf;Hb783p,xx7fB?я>-&\\i C" 27;+KRsAb\ ]` g!M~`.Dd @h0  # A2^6אb Rw v`!o^6אb R2@ |=xڝQJ@}i& "{Xijg=nc KPD<7xR<~g IC Y{2C(: 0ȷf"2RIH֠qeTP.g; l 1`T/O&r;nt7>p.KkABw X=[|Gq{ ^x`ҭ0=_`HßįϐE}ݖ/zWPR*u5SjStj,aUgԸw̱3- qz\1jvvGJZz!{$wKZq'Dd |0    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuwxyz{|}Root Entry~ F  _Data vVWordDocument}2ObjectPool+R_  _- _1163865135F _ _Ole ObjInfoEquation Native > !$'()*+,/236;@EJOTY^aehkorwz{|"WyT$ PV ht FMicrosoft Equation 3.0 DS Equation Equation.39q8 PV ht =_1163865125D F _ _Ole CompObj fObjInfo Equation Native _1163862710*F}_}_Ole  ObjInfo E ht [ t+j CF ht+j | htj=0" " ]yT$ E htEquation Native  :_1163862774F}_}_Ole ObjInfoEquation Native :_1163862919F}_}_Ole ObjInfoyT$  ht"QyT$  t+j FMicrosoft Equation 3.0 DS Equation Equation.39qEquation Native >_1163863020"F}_}_Ole CompObjfObjInfoEquation Native _1163863005 F}_}_Ole 0  t+j =' i=1j (1+r t+i ) "1"(fyT$ r t+iObjInfo!Equation Native >_1163865056$F}_}_Ole ObjInfo#%Equation Native  F_1164004840:S(F}_}_Ole "*hjyT$ CF ht+j FMicrosoft Equation 3.0 DS Equation Equation.39qM’đ CF ht (X ht ,K ht ,Z CompObj')#fObjInfo*%Equation Native &_11640052000-F}_}_ht ,I ht ,t)=p ht F(X ht ,K ht ,Z ht ,t)"w t X ht "p tI I ht "(I ht ) FMicrosoft Equation 3.0 DS Equation Equation.39qOle -CompObj,..fObjInfo/0Equation Native 1nH_ K ht =I ht +(1")K ht"1 FMicrosoft Equation 3.0 DS Equation Equation.39q_1164004130&2F}_}_Ole 4CompObj135fObjInfo47Equation Native 8:_1164004225N7F}_}_Ole 9CompObj68:fM0 X ht FMicrosoft Equation 3.0 DS Equation Equation.39qMH K ht FMicrosoft Equation 3.0 DS EqObjInfo9<Equation Native =:_1164004224?5<F}_}_Ole >CompObj;=?fObjInfo>AEquation Native B:_1164004203AF}_}_uation Equation.39qMH Z ht FMicrosoft Equation 3.0 DS Equation Equation.39qMt I htOle CCompObj@BDfObjInfoCFEquation Native G:_1164004028]IFF}_}_Ole HCompObjEGIfObjInfoHK FMicrosoft Equation 3.0 DS Equation Equation.39qM p ht FMicrosoft Equation 3.0 DS Equation Equation.39qEquation Native L:_1164004073XKF}_}_Ole MCompObjJLNfObjInfoMPEquation Native Q5_1164004796PF}_}_Ole RM4 F(") FMicrosoft Equation 3.0 DS Equation Equation.39qM w tCompObjOQSfObjInfoRUEquation Native V6_1164004863ajUF}_}_Ole WCompObjTVXfObjInfoWZEquation Native [; FMicrosoft Equation 3.0 DS Equation Equation.39qMܔ p tI FMicrosoft Equation 3.0 DS Equation Equation.39q_1164004060ZF}_}_Ole \CompObjY[]fObjInfo\_Equation Native `K_1163865575f_F}_}_Ole bObjInfo^`cM/  p ht F(")0yT$ w t X ht FMicrosoft Equation 3.0 DS EqEquation Native dL_1164004849cF}_}_Ole fCompObjbdgfuation Equation.39qM58)W p tI I ht+ [yT$ (I ht )ObjInfoeiEquation Native jQ_1163865673hF}_}_Ole lObjInfogimEquation Native nG_1164005185lFǷ_Ƿ_Ole p FMicrosoft Equation 3.0 DS Equation Equation.39qM    FMicrosoft Equation 3.0 DS Equation Equation.39qCompObjkmqfObjInfonsEquation Native t)_1163663213qF੼_੼_Ole uCompObjprvfObjInfosxEquation Native y'T p tI =p tI + I ht >0p tI " I ht <0{,8t\$ p tI _1163663229oxvF੼_੼_Ole }ObjInfouw~Equation Native H+ FMicrosoft Equation 3.0 DS Equation Equation.39q, 9 p tI "_1163663240zF੼_੼_Ole CompObjy{fObjInfo|Equation Native H_1165231401KF੼_੼_Ole CompObj~f FMicrosoft Equation 3.0 DS Equation Equation.39q`0ty PV t (K t )='max x t ,I t  {p t F(X t ,I t +(1")K t"1 ,Z t ,t)"wObjInfoEquation Native |_1165231435F੼_੼_Ole  t X t "p tI I t "(I t )+E t [ t+1 PV t+1 (I t+1 +(1")K t )| t ]} FMicrosoft Equation 3.0 DS Equation Equation.39qCompObjfObjInfoEquation Native U_1164005754F੼_੼_9x|L PV t (K t ) FMicrosoft Equation 3.0 DS Equation Equation.39qM  I itOle CompObjfObjInfoEquation Native :_1164005757F੼_੼_Ole CompObjfObjInfo FMicrosoft Equation 3.0 DS Equation Equation.39qMȽ I it FMicrosoft Equation 3.0 DS Equation Equation.39qEquation Native :_1164005760F੼_੼_Ole CompObjfObjInfoEquation Native :_1164005744F੼_੼_Ole MX< I it FMicrosoft Equation 3.0 DS Equation Equation.39qM  I it >0p t "F t "KCompObjfObjInfoEquation Native _1163857239F੼_੼_ it +E[ t+1 (1" i )"PV t+1 "K it+1 | t ]=p itI + +" t "I it FMicrosoft Equation 3.0 DS Equation Equation.39qOle CompObjfObjInfoEquation Native ]' I it =0p itI " +" t "I it d"p t "F t "K it +E[ t+1 (1" i )"PV t+1 "K it+1 | t ]d"p itI + +" t "I it FMicrosoft Equation 3.0 DS Equation Equation.39q  I it <0p t "F t "K_1163857071F੼_੼_Ole CompObjfObjInfoEquation Native _1163857499F੼_੼_Ole CompObjf it +E[ t+1 (1" i )"PV t+1 "K it+1 | t ]=p itI " +" t "I it FMicrosoft Equation 3.0 DS Equation Equation.39qObjInfoEquation Native 6_1163857469F੼_੼_Ole ` K t FMicrosoft Equation 3.0 DS Equation Equation.39qDx "PV t "K it =p t "CompObjfObjInfoEquation Native `_1163857681F੼_੼_F t "K it +E[ t+1 (1" i )"PV t+1 "K it+1 | t ] FMicrosoft Equation 3.0 DS Equation Equation.39qOle CompObjfObjInfoEquation Native D I it >0"PV t "K it =p itI + +" t "I it FMicrosoft Equation 3.0 DS Equation Equation.39q_1163857717F੼_੼_Ole CompObjfObjInfoEquation Native U_1163857770F੼_੼_Ole CompObjf9(@ I it =0p itI " +" t "I it d""PV t "K it d"p itI + +" t "I it FMicrosoft Equation 3.0 DS Equation Equation.39q}A I it <0"PV t "K it =p itI " +" t "I it FMicrosoft Equation 3.0 DS EqObjInfoEquation Native _1165231693AF੼_੼_Ole CompObjfObjInfoEquation Native o_1163684931Fd_d_uation Equation.39qS e it+1 = t (1" i )"PV t+1 "K it+1 "E[ t (1" i )"PV t+1 "K it+1 | t ]Ole ObjInfoEquation Native K_1163684969=F__   #&'()*+,-0369<?@ABCDEFILORSTUVWXY\_`abcdefghijmpsvwxyz{|}~6/Uyr$ I it+1 >06/[yr$ I it+1 =0Ole ObjInfoEquation Native K_1163858311F੼_੼_Ole CompObj fObjInfo Equation Native  K FMicrosoft Equation 3.0 DS Equation Equation.39q/ I it+1 <0 FMicrosoft Equation 3.0 DS Eq_1163684878F_d_Ole CompObjfObjInfouation Equation.39q6'PD I it >0 FMicrosoft Equation 3.0 DS Equation Equation.39qEquation Native C_1164012721 F੼_੼_Ole CompObjfObjInfoEquation Native  _1164012787F੼__Ole !M p t "F t "K it + t+1 (1" i )(p it+1I + +" t+1 "I it+1 )=p itI + +" t "I it +E[e it+1 | t ,I it+1 >0] FMicrosoft Equation 3.0 DS Equation Equation.39qM̥ p t "F t "K it + t+1 (1" i )(p iCompObj"fObjInfo$Equation Native % _1163859991 F__t+1I " +" t+1 "I it+1 )=p itI + +" t "I it +E[e it+1 | t ,I it+1 <0] FMicrosoft Equation 3.0 DS EqOle .CompObj/fObjInfo1Equation Native 2Cuation Equation.39q'p,1 I it <0 FMicrosoft Equation 3.0 DS Equation Equation.39q_1163860055F__Ole 4CompObj5fObjInfo7Equation Native 8K_1164015418}F__Ole :CompObj;f/ntf I it+1 >0 FMicrosoft Equation 3.0 DS Equation Equation.39qM@it p t "F t "K it + t     i!"#$&%('*)+,.0Q/21345687:9<;=>?@ABDCGEFIHJLKMNORPSTUVWYXZ\[]_^`acbedfgjklmnopqrstuvwxyz{|}~# A2PLBǦ.A!v`!wPLBǦ.A!:`@20ExڝQJA=N|dL\DDW ACD,Ņ0Io\²_b)ZOVp3"`}pΙ3wE@p׌"O2&2$ILG+Y|(ؒmVDQt\l% SI;4&ovcڼ sGY/h_cGGApuK<>h4Oj S!աu]oڷmE ё4笛|c-QlJZ]("E#ȃJRu 5]`QVƷOqz]?.E? & _6v Z&Dd |\   c $A ? ?#" `2vaevl8e7!R|Rv`!Jaevl8e7!R|j`)``#@0xcdd`` @c112BYL%bpuz:b$1AՑeN%T~"_K)Rᶀ98E 7P6TژQcpekpenR~C( p0tÒ1̵ZBl|媀uPҨ|>֍ Z*qK.p-=`dbR ,.Iq1(2t7I֡Z Dd ph\   c $A ? ?#" ` 2Nli|K16v`!Nli|K1 @|xcdd``~ @c112BYL%bpu.q\O?a%>%;\+ /em1Hbg8d5,4Fݿ_3 1@؋-$o)%\TM `;+KRsAb\ ]` g!u~d6֛Dd h\   c $A ? ?#" ` 2Rb̞ԝ.v`!&b̞ԝ@h|xcdd``> @c112BYL%bpu 1b#3X2ADd |h\   c $A ? ?#" ` 2R*8LhP<.v`!&*8LhP<`@0|xcdd``> @c112BYL%bpu 1b#3X-AbDd hh\   c $A ? ?#" ` 2P9O\0S,v`!$9O\0S炒@@||xcdd``> @c112BYL%bpu @c112BYL%bpu @c112BYL%bpu @c112BYL%bpuܤ:a7L@g2nps@&ݟ@QO=h.hlpc и``v021)Wĸ g!u~bt|ϑr> C=/-O=J8KAoc~JW&uӔ#^Jk_x{=_ٻ9z*+NjU ėO%X:D&kؑ,AYi1cSX*ޢKUky<Ǎ >-wFd>rDd 0  # A2:niВ佸e"¡/v`!niВ佸e"¡:`!Hx=NAAs 7 @BGD*>!QܨDT~(TjdggB 0ʰ'&H1QȈ P֢B>4F<k+﫰"tqoCo=ښ[+dS9prZ͚%?/˾sRQ 3a&[.b vAG5۩#̻3HT3ݾDd 0  # A2:niВ佸e"¡1v`!niВ佸e"¡:`!Hx=NAAs 7 @BGD*>!QܨDT~(TjdggB 0ʰ'&H1QȈ P֢B>4F<k+﫰"tqoCo=ښ[+dS9prZ͚%?/˾sRQ 3a&[.b vAG5۩#̻3HT3Dd  J  C A? "2?Zen-#.-\3v`!Zen-#.-B 8xڥKA{IM"E-uSD+VcZPS*(4*da[O]rAC.A ^ zvlpC*þϼ3i#GOGB4E!j ) CiM^ttYH!<') @{& yoB^`I7V_ ?$<@BiOx[oDqTshv4s^^I~M1 TÛ_|`AQ~:u  >bB {ǃ}SZ.V+>8Q}2|Tfԃw]ϖy⫲)Y;/I4(DObzx_0^w ٯ89g2yQFc iU[eGoBc֒ܯ\wW_%_.b?/wVlP2Y %cfZ~wO x/Dd 0  # A2~grǹBN96v`!~grǹBN<hMxڝQ=KA}3ы EʠUXOrp\X `O'X+xW ;0C22ԙ㟈LDDZ6ipTW;#ZEJ{ xD7 <%a?prQjEQa]ڴ}5? W亏!~œ%~nX>{a]o?{KMЈ\Ɓ3_:d1 *))u:UXDDl7f/+I+wAKS;wM̫hx~Uƍ$=Kr\ADd J  C A? "2UБwP*Ϟ[h8v`!SUБwP*Ϟh!xcdd`` @c112BYL%bpu{a]o?{KMЈ\Ɓ3_:d1 *))u:UXDDl7f/+I+wAKS;wM̫hx~Uƍ$=Kr\ADd J  C A? "2UБwP*Ϟ[<v`!SUБwP*Ϟh!xcdd`` @c112BYL%bpuv`!"67Fa1HTvE](@p>"xڭKQϽ;㚿\5܍2Ҟ"%hAܔt]+_&(7zIz~A610=s{\^aBUb^(!|;xD,dKP yf ŏ1WQcBOf8!,*X`3ND"]Ci6Waݑ>Cemꬢ1I/V3WWkw ~_WθU\qLq&yY7Z<ϫ0چWd}&[?xJ[R5J)H g(`;.vjMYy& sO9Kca~ HDd [h0  # A2wGˑ 5OaSBv`!KGˑ 5Oa`@S|xcdd``ed``baV d,FYzP1n:&V! KA?H1Z @eπqC0&dT20$ KXB2sSRsHՉ::]j mUoe5*!+H`ܞz`{J*a|^&$b#? qcy@4! .h 0y{@ ;+KRsAb\ ]` "?:t?2biTDd h0   # A2R|5ĈxUmw.Dv`!&|5ĈxUmw@|xcdd``> @c112BYL%bpu @c112BYL%bpu @c112BYL%bpun+hEmz"}5ӂ"%+V> pϧ/)H5;{_VDd J  C A ? "220Ia4M `!0Ia4z*@hFBxڥMhA̦iwMblbVH%zX E*іH!- XMb!CoJz "HATKT(-`RɊ}3NI${yͼ%(€OTj(!fjzIдMzu9= U`=1\ej08?;\@a]|>T.Ѳ]olŐeX7ݖm,9~*reef3ɩ$,"F/ 3ܫUl Ss.719ԉ<`NÝvNvy`}\[4/5{ov:SN9OWľ=vizz'tF>fr1d[ph?0}ү1-l}oИ1~>獯 =T̍MeЇrϛ,n;.]v |>|JQ] " ^m_R#?n2*`rtO^[\$N$y78͝WE9uϹQ+%NbG! ~C 5=94oD] _{~oGp}FpBAN:_*6{e^b8kWJc_2x,>b3x.J;3LmCj3/,Dd |J  C A? "23qg]8 .&p5xQ `!3qg]8 .&p5xЦ`"@J5xڥkA̦ؤmL$ T`!X*TTSAT Zhb#1 HNՃW4xd, t7;T.޾7!r{A c#@bKZť$i.DB&¤A !d&F'hۄ`nrcZ?DĎQ_(E .Dݹ9P١%"J< KqX5ΗK+nV0WUI{ns:d\n{iT)M!lҷ)IWڭ!5޷!wFޯWO E?e_]]w&yV+136I&y ~;[>nww8x|ɳwօJWP2EݧkE]Tb Cl<*\QC#OI>D(ڈGxY+yCS6|w,:m߶ȴ&/~V)9_ko3I~Bm?ս[,y@#?O"a(䄆 @c112BYL%bpu YDdzÒ벿YA} Tw t-[A;JLwD4>A9}wXS+bUIWJ,.Uo Z4{cu,{ p+ܱ7;[]w-5hn%OOhh< / _ :Da6;Wd?%'wF)^~Lu;y =S8m9M>&a[i ӗZn ~Dd x J  C A? "2,k*,_|;|)柮jZ `!k*,_|;|)柮2@XxڥS+DA?s~]vcR#)QJ"_<.eknr[y"R#33wՒw͙; Z ڀ 2,k5+_Ƅǎ6pVp(ܺsWsTLb>}Cɠ᳟1\ȭ{s}QqGjBt1M3)+>.AgܾU&%m;BGJ߱R2 ImUƗ=5r_^ߧ}RW:oO)a>1k W] bv%+~}>J]X%tnݗJē02 _z[jܨҝt~ҽ'~YvjS~lv,Q4J1hu kqE;3%/i9zn4$Dd dJ  C A? "2yS1p+3gU4] `!MS1p+3g@,&xcdd``nf 2 ĜL0##0KQ* W@BRcgbR vqPOfĒʂT @_L ĺE88A,a k7L̃&/' 7>aabM-VK-WMcs>Z. 30@fɈs8ț%c J!- 'T&Nad3Q?/BFX6f~LO |_&0.=b&0 %0P>a# &?dȣ@Ma(w eOw3v0."zD@|m8YxQDU/ʼn;}1c w|cE\|0F'8aIWao%ܿW9!|,HAK`2`a-1 X]" ^#RpeqIj.HA D,ĠtO`zWDd x J * C A%? ")21$ϷkLj} K`v`!$ϷkLj}2@XxڥS=KA˗h~ JVZ(DԅꯣeDd \\ + c $A&? ?#" `*2Q>޼" vQ#Bkcv`!Q>޼" vQ#Bk`@Љ-WxڥkSAg%m4mbRxj)hы E[^"M FHAAAQQģ7zBŃĝݷk6!M3ߝyc+Ba{1ǙPq,ŭ!C!ɹέ7|9cxXK|_L=dpABMdޮ<վ[R}3󥲷8+^gP 0.IV䉯i&ޣhxĻ5">1/¦~!,>N]߫iuynܴ^MIee]܃߾XF:eWQpi鸩DLǐowYS O}PSz(䈫"Um{nGsZ>Wq5i/>)}Ag:\I͟f}'QSpԿEnrF~7u\sܴfu,3=W|^FÒ~;K+> kK 40ιiφpGF rYBTDd h0 , # A'+2fiJfv`!fiJ8@8|rxڥRMK@}Zb HQ[RTA[!`X[P'O)Pz=z ~ ,2y2;]8 QydK2CTh5<m(Jۆ 2E>& HV-ҢZZ7@jDž=s3g88qQyDK"CTh="Y󫎍3: MF+@Dd hJ . C A)? "-2\Jq ~F{uq~'kv`!v\Jq ~F{uq@8|Dxcdd``dd``baV d,FYzP1n:&&V! KA?H1Z X ㆪaM,,He`H @201d++&19-b 2Usi#F&VJy 3L98 + dnpenR~CPK;!2{ d 6bk*-W\Fս2<=) FO %\NAh PJ= t021)Wĸ g!M~`/!Dd hJ / C A*? ".24HI]$_gmv`!W4HI]$B @d|%xcdd``Vdd``baV d,FYzP1n:&&! KA?H1Z  ㆪaM,,He`H @201d++&19-b Xt9W 3HA%@W&0;6smn#d{p8AU3DwBe1(3KKdY m.p"= t021)Wĸ g!M~`hTDd h0 0 # A'/2fiJov`!fiJ8@8|rxڥRMK@}Zb HQ[RTA[!`X[P'O)Pz=z ~ ,2y2;]8 QydK2CTh5<$}Oנ"^w|&z2KFR%-LT/ T Cn<s!ϛ8#W?`U}jhڹVjlH }ͪiʯo֫xeV5u?#+{t 9)xu7y_UKb:#' _ `ٗgY}I9wNĽ(sfu˂*nter2c,5iw1>}w%_zD!Dd hJ 2 C A*? "124HI]$_uv`!W4HI]$B @d|%xcdd``Vdd``baV d,FYzP1n:&&! KA?H1Z  ㆪaM,,He`H @201d++&19-b Xt9W 3HA%@W&0;6smn#d{p8AU3DwBe1(3KKdY m.p"= t021)Wĸ g!M~`h@Dd hJ 3 C A)? "22\Jq ~F{uq~wv`!v\Jq ~F{uq@8|Dxcdd``dd``baV d,FYzP1n:&&V! KA?H1Z X ㆪaM,,He`H @201d++&19-b 2Usi#F&VJy 3L98 + dnpenR~CPK;!2{ d 6bk*-W\Fս2<=) FO %\NAh PJ= t021)Wĸ g!M~`/Dd \ 4 c $A,? ?#" `32)iU_vAzv`!iU_vA)@V@xڥ]HTA][RB/I?TBnJ^X!!{^S"`@}  ‡%|36gaf{3̜9{ T vUFu%J#j6IvUt30`18OcSƭ$&36xy"bZ tdҼ-]][{F#xtvGxu)GSttr&:<bgClDG=ބtLЏ1tqs6ZoI~ZUx8+s,&ooRy6KW oW;[I4Z獜l& wnq'f=G-}/!O}'-_5EY}I9wF{F6HKoXG3_A2NX9BiHfJQgB xNc f Dd hJ \ C A.? "42Md4-դV"`^}v`!VMd4-դV"`B @d|$xcdd``Vdd``baV d,FYzP1n:&&! KA?H1Z  ㆪaM,,He`H @201d++&19-b Xt9W:3HA%@W&0;XNc7L@2 8l*H;!2B}%%\Lz2L,ႆ68F kP:+KRsAb\ ]@0rt?0e,h@Dd hObjInfo=Equation Native > _1164015727F__Ole G+1 (1" i )(p it+1I + +" t+1 "I it+1 )=p itI " +" t "I it +E[e it+1 | t ,I it+1 >0]CompObjHfObjInfoJEquation Native KK_1164015764sF__ FMicrosoft Equation 3.0 DS Equation Equation.39qM/8 I it+1 <0 FMicrosoft Equation 3.0 DS Equation Equation.39qOle MCompObjNfObjInfoPEquation Native Q Mg p t "F t "K it + t+1 (1" i )(p it+1I " +" t+1 "I it+1 )=p itI " +" t "I it +E[e it+1 | t ,I it+1 <0] FMicrosoft Equation 3.0 DS Equation Equation.39qM   p t "F t "K it + _1164012748F__Ole ZCompObj[fObjInfo]Equation Native ^&_1163682812tF__Ole kCompObjlft+1 (1" i )(p it+1I " +" t+1 "I it+1 )d"p itI + +" t "I it +E[e it+1 | t ,I it+1 =0]d"p t "F t "K it + t+1 (1" i )(p it+1I + +" t+1 "I it+1 ) FMicrosoft Equation 3.0 DS Equation Equation.39q6'(MԱ I it =0ObjInfonEquation Native oC_1164012839F__Ole q FMicrosoft Equation 3.0 DS Equation Equation.39qM p itI " +" t "I it +E[e it+1 |CompObjrfObjInfotEquation Native u_1163685032 F__ t ,I it+1 >0]d"p t "F t "K it + t+1 (1" i )(p it+1I + +" t+1 "I it+1 )d"p itI + +" t "I it +E[e it+1 | t ,I it+1 >0] FMicrosoft Equation 3.0 DS Equation Equation.39q6/ \ I it+1 =0Ole CompObj fObjInfo Equation Native K_1164015134F__Ole CompObj fObjInfo FMicrosoft Equation 3.0 DS Equation Equation.39qMṔ p t "F t "K it + t+1 (1" i )(p it+1I + +" t+1 "I it+1 )e"p Equation Native  _1164015151F__Ole CompObjfitI " +" t "I it +E[e it+1 | t ,I it+1 =0] FMicrosoft Equation 3.0 DS Equation Equation.39qObjInfoEquation Native  _1163858950F__Ole Mu p t "F t "K it + t+1 (1" i )(p it+1I " +" t+1 "I it+1 )d"p itI + +" t "I it +E[e it+1 | t ,I it+1 =0] FMicrosoft Equation 3.0 DS Equation Equation.39q/ 7r I it+1 <0CompObjfObjInfoEquation Native K_1164015282 F__Ole CompObjfObjInfoEquation Native  FMicrosoft Equation 3.0 DS Equation Equation.39qMj p itI " +" t "I it +E[e it+1 | t ,I it+1 <0]d"p t "F t "K it + t+1 (1" i )(p it+1I " +" t+1 "I it+1 )d"p itI + +" t "I it +E[e it+1 | t ,I it+1 <0]_1164015307/"F__Ole CompObj!#fObjInfo$ FMicrosoft Equation 3.0 DS Equation Equation.39qM8k p t "F t "K it + t+1 (1" i )(p it+1I " +" t+1 "I it+1 )=p Equation Native  _1164015877'F__Ole CompObj&(fitI + +" t "I it +E[e it+1 | t ,I it+1 <0] FMicrosoft Equation 3.0 DS Equation Equation.39qObjInfo)Equation Native C_1163860058F,F__Ole '5 I it <0 FMicrosoft Equation 3.0 DS Equation Equation.39q/htf I it+1 =0CompObj+-fObjInfo.Equation Native K_11640153671F__Ole CompObj02fObjInfo3Equation Native & FMicrosoft Equation 3.0 DS Equation Equation.39qM ̍ p t "F t "K it + t+1 (1" i )(p it+1I " +" t+1 "I it+1 )d"p itI " +" t "I it +E[e it+1 | t ,I it+1 =0]d"p t "F t "K it + t+1 (1" i )(p it+1I + +" t+1 "I it+1 ) FMicrosoft Equation 3.0 DS Equation Equation.39q+f F(x ht )= oh + i x ihti " +12_1164799072x6F__Ole CompObj57fObjInfo8Equation Native ,_1163683321;F__Ole ObjInfo:< ij x ihtj " i " x iht6"UTj$ x iht6y$  ohEquation Native >_11636838759?F__Ole ObjInfo>@Equation Native :_1165233162CF__Ole CompObjBDf FMicrosoft Equation 3.0 DS Equation Equation.39q!` (I it )= i1 I it +12 i2 I it2 +13 i3 I it3ObjInfoEEquation Native =_1163860714HF__Ole   i1 e"0i=K,N FMicrosoft Equation 3.0 DS Equation Equation.39q'hrT I it <0CompObjGIfObjInfoJEquation Native C_1165233174UMF__Ole CompObjLNfObjInfoOEquation Native =  "',/0123456789<?BEFGHIJKMNOPQRSUVWXYZ[\]^_`ac FMicrosoft Equation 3.0 DS Equation Equation.39q!( (I it )= i1 I it +12 i2 I it2 +13 i3 I it3  i1 e"0i=K,N_1165233189RF__Ole CompObjQS fObjInfoT  FMicrosoft Equation 3.0 DS Equation Equation.39q'T  i1 e"0 FMicrosoft Equation 3.0 DS EqEquation Native  C_1165233200P_WF__Ole CompObjVXfuation Equation.39q'D  i1 d"0 FMicrosoft Equation 3.0 DS Equation Equation.39qObjInfoYEquation Native C_1165233210\F__Ole CompObj[]fObjInfo^Equation Native C_1165233218ZiaF__'0  i2 e"0 FMicrosoft Equation 3.0 DS Equation Equation.39q'   i2 e"0Ole CompObj`bfObjInfocEquation Native C_1165233228fF__Ole  CompObjeg!fObjInfoh# FMicrosoft Equation 3.0 DS Equation Equation.39q\  i1 FMicrosoft Equation 3.0 DS Equation Equation.39qEquation Native $:_1165233242dnkF__Ole %CompObjjl&fObjInfom(Equation Native ):_1165233297pFd_d_Ole *',  i1 FMicrosoft Equation 3.0 DS Equation Equation.39qpd p t ( i + ij x hjCompObjoq+fObjInfor-Equation Native ._1164029586%4uFd_d_j=15 " )+ t+1 (1" i )(p it+1I + + i1 + i2 I it+1 + i3 I it+12 )" i1 " i2 I it+1 " i3 I it+12 "p itI + =E[e it+1 | t ,I it+1 >0] FMicrosoft Equation 3.0 DS Equation Equation.39qM@ȧz  i1h " i1hOle :CompObjtv;fObjInfow=Equation Native >\_1164799280zFd_d_Ole @CompObjy{AfObjInfo|C FMicrosoft Equation 3.0 DS Equation Equation.39qMh  THRESH=a 0 +a 1 AGDPN+a 2 RICE+a 3 LIVE+a 4 KINT+a Equation Native D1TableERSummaryInformation(LDocumentSummaryInformation8TD5 LEND+a 6 AGE+a 7 INFR+a 8 SECU+a 9 EXPN+a 10 IMPR+uOh+'0(8 HT p |  GA~ͲcƬFPAaǩTwnվJ ] C AL? "52ϯk=^b| ~v`!vϯk=^b| @8|Dxcdd``dd``baV d,FYzP1n:&&V! KA?H1Z X ㆪaM,,He`H @201d++&19-b 2Usi#FvVJy 3L98 + dnpenR~CP1W.wBe ;l0 ^b[v6$+{0>eEyf z80R YCMe_=Z36/8-cJʠN.Όx(bu Dd hJ 6 C A.? "72Md4-դV"`^*v`!VMd4-դV"`B @d|$xcdd``Vdd``baV d,FYzP1n:&&! KA?H1Z  ㆪaM,,He`H @201d++&19-b Xt9W:3HA%@W&0;XNc7L@2 8l*H;!2B}%%\Lz2L,ႆ68F kP:+KRsAb\ ]@0rt?0e,hQDd h\ 7 c $A/? ?#" `82nȴ'-+}Jv`!unȴ'-+@|Cxcdd``dd``baV d,FYzP1n:&,B@?b 00< UXRY7S?&,e`abM-VK-WM#U' d 2Usi#G g#7p8Vbq'ܤ:@+\w~&6܋a\>ĺ^m sI WT>`|p`(|@&xpAS8 6= t021)Wĸ g!u~`}zDd |\ 8 c $A0? ?#" `92*lVWqNL#v`!lVWqNL#`*@XAxڥKAgfOnOOVS+$SSLLR a r+(z !z"  QR2$fv"~|77!F_()O\`H &uzGvc/BTcTM9G紙myM::fL'@>N<:1 dPBB;qu+QX&Gl\G&s0y<>;Ocdki3WY1inGm:qS[{i*x 5m* m  o!!֕#qy9=0d^jTss8>=uebY~w' C||`=!k'póS'1-h-!?RU ~N=j<߰:^\b?Ӝ_Lys97d^)C < χ!T/k r.u5al:_2(Ob!?WAG|+{eZSW\=-rYeYR.{{UӢV{+EVm^2g/Rso{eX1zHf<ց_u珦y i4tC^Qp![ !Dd hJ   C A ? "24HI]$_u `!W4HI]$B @d|%xcdd``Vdd``baV d,FYzP1n:&&! KA?H1Z  ㆪaM,,He`H @201d++&19-b Xt9W 3HA%@W&0;6smn#d{p8AU3DwBe1(3KKdY m.p"= t021)Wĸ g!M~`hTDd h0   # A 2A!mFjá `!A!mFjá8@8|rxڥRMKQ=Z>m(Jۆ 2E>& HV-ҢZZ7@jDž=s3g88qQyDK"CTh="Y󫎍3: MF+Dd x\   c $A ? ?#" ` 2']cH | #u `!']cH | #u. #(t6 xڥ]hW=;3l6Y7lM@UhB_DT\?it2%,i+(y"A&PTm_$]PQSh'νwi={fcF* 7d!Gyeġ\.Q"ڮ vvmmV4+ cn+cGlϧbS> 4=!wo*v$Zoe}:_63Jv|Vd'/ɗ*~T3sXvIL0^ɑ3{ᒹUnGX }F;4^[%xPlDp,j Ts/tq47#@qVȖzevZ<[K _(0/;k1/Sp#Fx:AԹ+?|`(b7t zGI;CyorOdO`^ZEe)^|VhmEky0̙p%\JFHx;4^GTE_wk}G&O/pq~g뱽$ox7L5 z<4^(Vc|roSwT~Ɋ!{Yѭpiɼ>psw[$`}_MM[ջ/I> Fl3ߜ%E% ?E}vD8&_2 ?g`}ڸ}{']2r]^EqDVm?%3axd4oq.\M5TϢT s0S+JQ\|,ӎdۏ/j0;0?\ ˯/f8$͉sʏa! 6)_O,ab0+)k" Dd hJ   C A? " 2kbZo5y^ `!VkbZo5yB@@2|$xcdd``Vdd``baV d,FYzP1n:&&! KA?H1Z  ㆪaM,,He`H @201d++&19-b Xt9W#?3HA%@W&0;~rqa7L@2 8l*H;!2B}%%\Lz2L,ႆ68F kP:+KRsAb\ ]@0rt?0eg|TDd h0  # A  2fiJ `!fiJ8@8|rxڥRMK@}Zb HQ[RTA[!`X[P'O)Pz=z ~ ,2y2;]8 QydK2CTh5<ԿՇNuwβV=u?rx]"E ͣ%깈>ya^8?RޝfEY+*K|M9qUh?:E~+J &1oXWC dWɺ 櫒LJd6AqB?$뗾ܶlw8,>arPmk-d)r q63?σ̙O qu ws>rztGyع<_ adۑwA>`iZb>h5 !/s-=7\r<_^?B=azt\KQKʇ >[qjrw&KMb9N>N쫴T\lKP*گ,S?$ :UYc_R"X\/{w}F{ڐS"Н}),OA+ ~Ǧ&c4:T1W*>?<8bo׳:{.3E_%X^ۑ$nE 6qɻ#I/y oV|~Ή8OP\*PO\4U^&ºR@^eN1\i0Ńs.2k<ν2;ڐJE B֨ڧQ|G KAzއ-yţQeK|^}ա[qƇ$t q?Գs!}Fh@4?쫌 ާ71uh L[T'd5!ݿWkt5z|#~j_4 .?߽nWNѮrZV7[:}ޮ~)r> O/srӱ%C.sr:StDwYth&2؂崀L(mX,Lh+okBhʗ?N Dd hJ  C A? "2kbZo5y^ `!VkbZo5yB@@2|$xcdd``Vdd``baV d,FYzP1n:&&! KA?H1Z  ㆪaM,,He`H @201d++&19-b Xt9W#?3HA%@W&0;~rqa7L@2 8l*H;!2B}%%\Lz2L,ႆ68F kP:+KRsAb\ ]@0rt?0eg|@Dd hJ  C A? "2CSS쬌g5t ~Ǯ `!vCSS쬌g5t @8|Dxcdd``dd``baV d,FYzP1n:&&V! KA?H1Z X ㆪaM,,He`H @201d++&19-b 2Usi#F&VJy 3L98 + dnpenR~CP`W.wBe<l0w:W-W\Fս2<=) FO %\NAh PJ= t021)Wĸ `g!M~`2Dd x\  c $A? ?#" `2X`mً|a^ `!X`mً|a^ )V@ vxڥ_HAgfNnw)'iЃC Y #R:8+S#9C ʇ @|*)$ 8كAY-o?!i΢ U#Lᬤ,륒Iģe7A T'.A茢$uRp1hBN;(ٔǓh8.̂qْA_QEiU{K9/Xx诂@-/\_#TF*SaAj.$K /}w:^nv 8l~!r\"W Ȩ[ndkdsk03g=l|9cV<8RBr~qgG<3h)?wձs'}HDO$12 9FP_SgߥVou#e_|?:qD0A+פ]E 걗$ KA A>@ιpZdu}|w/jf xUX:%Ė5MI}ZsD}SYA0,5bQ>5M-0.sSIu{F/k7R%%͹3jtt/[]&,}z~빜Mu!<߁|Cӝg6"G/4F#?C#~o.U-=>9,sQ˼BnU%Oܜbc$cw~wyqR NqB{lH)U}"'@^ɫ߯W{xuʹL=-]n=} 4}ɼB~~ܣ33a۫y,3BN{xJAtc_ ֧O|Q;& YnQΏY?ST:mߩJٿ4uEM=O\/{w}woGN ^ށ|pWAB_hPNKaa}s럃{_Rdŝl9A:Ef5Ch:2ؼf%vF2::3 xZ5ИOt)S1Dd h\ G c $A:? ?#" `H2Up^ʜAv]dv`!UUp^ʜAvB@@2|#xcdd``Vdd``baV d,FYzP1n:&&! KA?H1Z ㆪaM,,He`H @201d++&푪b 2u  ,@u@@ڈHA%@W&09qqMn#dup8@U3DwBe(3KKucY m.p `:+KRsAb\ ]@?:t?0e+_-?Dd hJ H C A;? "I27y(%y|}ə}v`!u7y(%y|}ə@8|Cxcdd``dd``baV d,FYzP1n:&&V! KA?H1Z X ㆪaM,,He`H @201d++&19-b 2Usi#_ g#7cp8Vbq'ܤrC6\\wY&܋aVĺ^m sI WTÁ%HQ60z2L,Ⴆ.p G4mR*9I)$5$ŠQ S1h:-G3X+Dd x\ I c $A<? ?#" `J2 DBnΦ۸'Խv`! DBnΦ۸'. )V@ xڥ_HdU;g:嬛6*k&Ek۪F8[vg@Hz0X6"Aa]ڵb=X===|duΜ|߹9rVƘQg?,Yx#4P,娓חdAmW|{Y1pv޲]M9Ig.%4Ͻ;] QŨ-j= 2n$ߪL`P1` Vaf~Ň Ρ, ~ {sWusJ a7ʷ(/WPN0yM\S+>Vgky`hӶo!VKCV8e<.Csm;SKݬdW5d?j)|A57}4~Π?lϷdE,$ =/q ?ۖq^|X}~nDrKed^/>͜;M>SOP5*hTaI5i8Ϳcq6yoDK ' ƺA0>\}{m1ҞT>ܯy+&<|"񖌯+7wu;ha u輋<Ӽ(J˜梩/mj0q>-CT:9)dv}(ϯDYx!{ /lDd \ J c $A=? ?#" `K2CB'錄w"v`!B'錄w"`(V'xڥ=H@߽DmcicjCtE\q覂:9Y%cK(Mt77']\\\\MAE㽻$RA4p=])/z g!cqa NE.%mA  92=*qc"0 uB2LnIʭqtPErY4f c`eָT9qUqk24P rY OLM0!Nz`(m^E6{PTgm9eoS>,Yi{r*4]].$kd-V<fT;i.tuS;xBk^_=v?Tb)ȫ*Ds7=ViAh\gQ11[L2zQ;\D!ȅV}v`!NQ;\D!ȅ@@||xڝPJA}E""AX+N\҈?bm&R!&,ü]ޛy*?(bVHyDZ+C{-\jOh}XGF/!cf~95\ 7~0U xF/0"wؽNQa y  ZB3Jܔ'u$_,ڒu%-￳﷡4MGuB(E4M8sɚWq|$7an2O%OyںH3 JDd hhJ L C A?? "M2eOJ wK_A{v`!9OJ wK_ؒ@@||xcdd``> @c112BYL%bpudK@F&&\"CD1,Ġtv] `YDv!Dd hJ M C A*? "N24HI]$_~v`!W4HI]$B @d|%xcdd``Vdd``baV d,FYzP1n:&&! KA?H1Z  ㆪaM,,He`H @201d++&19-b Xt9W 3HA%@W&0;6smn#d{p8AU3DwBe1(3KKdY m.p"= t021)Wĸ g!M~`h&Dd (l\ N c $A@? ?#" `O2v5V[i\, ɼRv`!J5V[i\, ɼB@ H1xcdd``^$d@9`,&FF(`T A?dm1@0&dT0pE1At 2Bab` b Y`b;ab fj=j&br<;DXLFF\ L@:*a2 7[ τpT>#;*1#q?})B ]̄AQYdDF͎*Ć*_Gw&x˂__/@]A|c(o q"'0Y0p85Jチ*l0adw`BoaˋL__āʗfǒ0ܥƕI\%0勂MsCōʏdEWpAK.pV[=Ĥ\Y\ bPd+o> 1CCf~" Dd hJ O C AA? "P2E試.w'Bpث^v`!VE試.w'BpثB @d|$xcdd``Vdd``baV d,FYzP1n:&&! KA?H1Z  ㆪaM,,He`H @201d++&19-b Xt9W:3HA%@W&0;49c7L@2 8l*H;!2B}%%\Lz2L,ႆ68F kP:+KRsAb\ ]@rt?0e)h\&Dd l\ P c $AB? ?#" `Q2vB6k'P Rv`!JB6k'P B0xڥMhA߼M$mFk&zAE b{ 4./R/^$xlQOMA!뼙a'Pۅ}17ABbaE:&c_^Vuu$[2D PX/Ę.;~|)`ݴoy]I{kY5F9w[K ~=5O˙?W_?Lм7:-wKC&#b߆?VPZxxy.8uL.=d_uH;Dd h\ Q c $AC? ?#" `R2'Q? Jf!g v`!_'Q? Jf!@|-xcdd``ed``baV d,FYzP1n:&! KA?H1Z, πqC0&dT20$ KXB2sSRsHՉ: @@ڈՠbc>`La%w2 Mas Np1،^F ݫ 6!ýE{@&UrAc ơ;6:+KRsAb\ ]` g!u~`l9Dd h\ R c $AD? ?#" `S2f\X>M@eFv`!]f\X>M@@@|+xcdd``ed``baV d,FYzP1n:&&! KA?H1Z00< UXRY7S?&,e`abM-VK-WM#U' d @2Usi#@fVJy 3LX2727)?(+ ;!2+2b1{)t/ edbݫ67 \/4=Ĥ\Y\ bPd+o> 1C3X??k;Dd h\ S c $AE? ?#" `T2T%B)B]gv`!_T%B)B]@|-xcdd``ed``baV d,FYzP1n:&! KA?H1Z, πqC0&dT20$ KXB2sSRsHՉ: @@ڈՠbc>`lQ%w2 Mas lNp0،^F ݫ6!ý+E{@&UrAc ơ;6:+KRsAb\ ]` B?:t?0Ejn;Dd h\ T c $AF? ?#" `U2J^*@::bGTgv`!_J^*@::bGT@|-xcdd``ed``baV d,FYzP1n:&! KA?H1Z, πqC0&dT20$ KXB2sSRsHՉ: @@ڈՠbc>`Q%w2 Mas hpNpz0،^F dB&{w^E.pL `P`dbR ,.Iq1(2t'B |$ j!Dd @h\ U c $AG? ?#" `V2q REMv`!E RE@ |xcdd`` @c112BYL%bpuVBlMwv`!oG6j>VBlM `$(c8X =xڥOHQ{3D1+K!Rꐊ *-$"tP^-(v):!`T-yovgn0;3{o~3"dY"DPџ#L4McؓfjQ\|HS}4j-Bn@X;{\d.L9qdxB==KC}H"ԌtQ>@?(*jړ0er33^{8;*)_\|.1rr4z犩) `C7UwJH*D&[[Sna/ƐT#iAO G~]khז+z"4ϝy<_q(?ՕgZ.q䧬~r^)|!VM@@>D9koܐ@U9﷼+k__OJ~y&r<An BU$r\2nէU St[C>嗿פ})+~ܢ>'x۹=F}m D4*C}R%\OoF)Eb>2^oU81y㬲iَ#-V{gsm9㜧Yh}1[b c쑡;oB 9FY *֧bY9W¾t;QMLH31G5U)6M-Cś=0_7[SDd h\ Z c $AJ? ?#" `[2W.n4 Lu$Wv`!wW.n4 Lu$W@L |Excdd``dd``baV d,FYzP1n:&&6! KA?H1Zʞ ㆪaM,,He`HI? 01d++&푪b 2u  ,@u@@ڈ%+HgF%gQ!3d?#S`{ 3B{! dOpenR~CP4L+?!0Bi` 27w`0abO)qi`2B {\4=4Ĥ\Y\ bPd(7I֡, hPDd g\ [ c $AK? ?#" `\2*MsF3`)|Jv`!t*MsF3`)@*~ABxڕkALiӘZ۴i0ZJmb(!Z!!EăًA.'z< ] Ņ}ͼٙ7 [WC\E11.Eبl kwtLD) 2D;4qCN?k[:;4xAY m돒 vOk;#ȀN 9(Yoh{>l$G'(KeeHQ+*FаJ2\?2,eMb/,[A2le\7|"bic5Zl䳒c/L!ќ#Rd5¬g>l*>16@-OwDC2g*F6~}&|/RsGԫ饻A~gA~ Jinjou DaicinjinjNormalDchenlD2enMicrosoft Word 10.0@F#@ra@J-_@J-_p ;՜.+,D՜.+, X`px MSTC0~#EA P 8@ _PID_HLINKSAL/http://0-163.17.17.9.millennium.lib.cyut.edu.tw/ncl-cgi/hypage.exe?HYPAGE=Search_Detail.htm&qstr=732c632c302c6e2c51756572793d41393830363136322c32302c302cbdd5bee3a6a8a5bb0101bdd5bee3a6a8a5bb01bdd5bee3a6a8a5bb01010101bdd5bee3a6a8a5bb  FMicrosoft Word MSWordDocWord.Document.89qH@H gQe1$$CJKHPJ_HaJmH nHsH tH$A@$ -k=W[WFi@F h*]ph3f6 @6 >\ 9r G$CJaJ)@ xbC@"b ,ge.~c+Hdx9DH$WDYD2^H`CJKHOJPJaJTT@2T @SJXeW[2$:dUDVDWD]^`:a$ F 37m|ddes|I J W Z  O"Z[cDf9n@eC *!!:""#X$$T%f%n%w%&=&'-'U'))%*c**6+V+r+++,,6,X,},,,2-d----. .R.o..../A/\/y////030111122233o3p3n444667779999:Q;;i<==3??}@AABGCCMD]DjDDDDDDEEEEEEEF F F F000000000000000000000000000000p00p00p000p0 0p 0p 0p 0p 0 0 0 0 0 0  0  0 p 0 p 0 p 0p 0p 0p 0p 0p 0p 0p 0 0 0 0 0 0 0p 0p 0p 0p 0p 0 p00p0p00p0p0p00p0p0p0p00(0p0p0p0p0p000p00000000p000p0p0p0p0p000000p000p000p0p0p0p0p0000p0p0p0p0p0p0p0p000p0p00000000000000000p0@My00My00My00@0@0My000 } EEE FO90L$M90 M90 O90L$ nJ" (09CzIHJ2K0L@MJN\OzF|B}~ \H"Ȅ҅l`RF4"p(,-./0245789:;<Z[\]^_`bcdefghiklmnoprt-@=IZ,Xp)+136ajqsn*%&&&.&0&?&S&U&c&w&y&&&&&&&&&&&&&'&'('-'A'C'W'k'm'''''''''' (((&(:(<(C(W(Y(d(x(z((((((((((()))))X)l)n))))))))))))))**c*w*y*************6+J+L+V+j+l+r+++++++++,%,',6,J,L,X,l,n,,,,,,,,-----3-G-I-K-_-a-d-x-z----------------...!.5.7.9.M.O.R.f.h.p................///$/&/(//A/U/W/\/p/r/z////////////////000)0+01 2 22,2.2i2}222 333%3'343H3J3M3a3c3r33333333333334 4 4 4"4o444444444l777777=> ? F:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::X !!8@0(  B S  ?s)_t) u)ǭ v)ĭ w)4ǭ x)ȭ y)i z)g {)$ |)j })|o ~)$ )L ) ) ) ))|)l} ) f )t )l)4X]T#T#\#h#h#$$;;<<>B>BFBRBRBCC F     h[#d#d#o#o#$$";";<<EBNBNBYBYBCC F =*urn:schemas-microsoft-com:office:smarttags PlaceName=*urn:schemas-microsoft-com:office:smarttags PlaceType9*urn:schemas-microsoft-com:office:smarttagsplaceB*urn:schemas-microsoft-com:office:smarttagscountry-region  2424>@XZln!6>lm{Lbcdi cfrv/<LSc~{}% * H M V W , 0 1 4 Y Z   R Z [ _ ` g h l m t u y z ~    @ T  (R\aho $+-05=Dmu}9QR`djltjr';JRg NO{PTY]w|  !"%*:>lqyz}~Y^bchm*/CDIPefkp"89=BQUchm~w~ # *!1!!!!!""""""""##X$`$$$U%e%i%m%r%v%w%%%%%%%%%%%%%%%%%%%%%%&&=&?&V&Y&Z&\&]&c&z&&&&&&&&&&&&&&&' ' '''U'W'n'q'r't'u'{'|'}'~''''''''' ( (&(=(C(Z(d({(((((((((()))#)&)X)o)p)q))))))))*$*)***.*8*T*V*^*b**********&+2+5+++++++++++,,, , ,,},,,,,,,,,,,,,,,,,,,,---)-*-1-2-3-J-K-b-c-----------.. .!.8.9.P.Q.o.p...........//'/(/?/@/y/z/////////0030;0C0G0P0a0b0j0k0n0z00000000000000000111111!1$11121?1B1M1P1]1^1i1l1t1u1111111111111122/2=2>2A2E2F2I2M2N2Q2Y2Z2]2d2e2h2i2222222222222222222222222333343K3L3p3r33333333333 4 4#4^4a4g4k4m4n4o4444444555555%5&545?5_5a5i5w5x5555555555555555555556 6%6/6;6Q6S6]6b6i6p6t6w66666666666666666677 7 77S7T7[7l7777777777777777777777888 8 88-8.8m8s888888888888889 99/949K9O99999999999999993;?;U;_;;;;;<<= =====7?:?F?N?????@@@@AAAAAAAABBLCTCCCND\D`DiDnDrDsDDDDDDDDDE EEEEEEE F F 2367lm{|cdcers{}H J V W Y Z   jNO!"Y[bcCDef89m #T%e%f%m%n%v%w%&9&<&=&')','Q'T'U'))))$*&*b*{*~**5+Q+U+m+q++++++,,,1,5,S,W,x,|,},,,,,1-2-c-|-------... .Q.j.n.o...... ///@/t/x/y/////0.0203011111222i2222222333n3p3m4n444446677777799999MD\D]DiDjDDDDDDDDDEEEEEE F F3-'U'++2-d---y//n4499]DjDE F FE F Fg}yb'Yx[g}yb'Yx[g}yb'Yx[g}yb'Yx[g}yb'Yx[g}yb'Yx[g}yb'Yx[g}yb'Yx[g}yb'Yx[chen:O.ޔ4|#:AL%=r7^`o(.  ^` 5hH.  ^` hH0  ^` hH.  ^` hH. `  ` ^` ` hH0 @  @ ^@ ` hH.    ^ ` hH.  ^` hH0  ^` hH.  ^` hH.  ^` hH0  ^` hH.  ^` hH. `  ` ^` ` hH0 @  @ ^@ ` hH.    ^ ` hH.  ^` hH0  ^` hH.  ^` hH.  ^` hH0  ^` hH.  ^` hH. `  ` ^` ` hH0 @  @ ^@ ` hH.    ^ ` hH.  ^` hH0  ^` hH.#:L%=4:O,!                          } o 17H  v%169D F%%%% @EE̶ EEpT%T&T'T(T) Fpp p0px@pHpJpLpNpzUnknownGz Times New Roman5Symbol3& z Arial/E .jwiԚC.e0}fԚPMingLiU qhk&k&WЌp ;#~p ;#~?!),.:;?]}    " % & ' 2 t%00 0 0 00000013468:<>@BDOPQRTUVWZ\^ \]d([{  5 0 0 00000579;=?ACY[][2dEE 3qX(?} #miu"uP}i;mS?eV{[nV[ }teb,gKNxvz0b_e,gmiv}W Jinjou Daichen    CompObjbf