only the intrinsic value of the customer (i.e, the expected pro t from sales to her). We propose to model also the customer's network value: the expected pro t from sales to other customers she may inuence to buy, the customers those may inuence, and so on recursively. Instead of viewing a market

Indicators of the development of the financial sector do not improve monotonically over time. In particular, we find that by most measures, countries were more financially developed in 1913 than in 1980 and only recently have they surpassed their 1913 levels. This pattern cannot be explained by structural theories that attribute cross-country differences in financial development to time-invariant factors, such as a country's legal origin or culture. We propose an "interest group" theory of financial development where incumbents oppose financial development because it breeds competition. The theory predicts that incumbents' opposition will be weaker when an economy allows both cross-border trade and capital flows. This theory can go some way in accounting for the cross-country differences and the time series variation of financial development. When we recognize that different kinds of institutional heritages afford different scope for private interests to express themselves, we obtain a...

Shape Analysis concerns the problem of determining "shape invariants"...

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on the market is expected to create great value added and increase productivity. On the other hand, automatic management of supply chain opens new challenges: first, web services should locate other services that provide a solution to their problems, second, services should interoperate to compose complex

transformation to represent a signal in its own best basis, but since the transformation is orthogonal once the basis is chosen, compression via the best-basis method is not drastically affected by noise: the noise energy in the transform values cannot exceed the noise energy in the original signal. Furthermore

Andrew Warner for generously sharing their data with us. We are particularly grateful to Ben-David, Frankel, Romer, Sachs, Warner and Romain Wacziarg for helpful e-mail exchanges. We have benefited greatly from discussions in seminars at the University of California at Berkeley,

God, having designed man for a sociable creature, made him not only with an inclination and under a necessity to have fellowship with those of his own kind, but furnished him also with language, which was to be the great instrument and common tie of society.

the subjective portions of the document. Extracting these portions can be implemented using efficient techniques for finding minimum cuts in graphs; this greatly facilitates incorporation of cross-sentence contextual constraints. Publication info: Proceedings of the ACL, 2004. 1