• Aucun résultat trouvé

Should Risk Averse Countries be Trade Averse?

N/A
N/A
Info
Télécharger
Protected

Academic year: 2021

Partager "Should Risk Averse Countries be Trade Averse?"

Copied!
18
0
0

Chargement.... (Voir le texte intégral maintenant)

Texte intégral

(1)

(2) 

(3) 

(4)

(5) 

(6)    !

(7) "  #!$ % (& '*),+.-/102+ 3*4526 798;:=<,>=6 ?@9:=A BDC=E1<:FCGBHA 6 I,<,JKL4MNCC=E94C:=?PO"<M,?@97HCQ>=6 <,:4P>=<O"?>=<>=6 :=5 4R<,>=:=<CQE94P7?PC=E9<N>=:">=<,84P>=J96 718;S1@9:=6 71<.:=:4PMNC=6 R26 C=6 <,:TVU

(8) <<,WH4O"6 71<C=E9<M,?P71:F<,X YC=?^@1<.<,714PM,M_<.E`:"?O"7Z4796 724C=8P<,<,>=>79a :c4C=b96 ?P>=79?14dL<,A[M,C=C>=T[4J96 7H<C=<,4>=7971JZ4PC=U#6 ?<,79A 4KL4A>=J9<1\;6 ef<,] >=<,E979<,M,7Z<,:c>=6 6 :=7g5DO"6 :"4679J146 8?<.:=BH>=:79aM,>=>=4P6 :=CQ5H6 M X 4R<,>=:=6 ?P7hJ96 :=CQ>=6 S9@9C=6 ?7DSi<,M.?O"<"CQE9<"J9<,C=<,>=O"6 714P72C?PK#CQ>F4J9<"b94C=C=<,>=7j\k]h<,A KL4>=< 4P714PA BH:=6 ::=E9?lU[:C=E94CmC=E9<nA <,:F:>=6 :=5h4R<,>=:=<M,?@97HCQ>=Bh:Fbi<.MN6 4PA 6 IN<,J6 7C=E1<>=6 :=5HB M,?PO"O"?2J96 CoB6 :p4A U[4lB2:pSf<,C=C=<,>q?PeU[6 C=EcKL>=<,<C=>=4PJ1<1\*r#@9CqC=E1<kO"?>=<k>=6 :=54lRP<,>=:=< M,?P@17HC=>=Bk:Fbf<,M,6 4A 6 I,<,J"6 7"@971>F6 :=5HBkM,?PO"O"?2J96 CoBkM.47"Si<qU

(9) ?>=:F<[?e

(10) \ts[?P79:=< Y @9<N7HC=A B1T >=6 :=54R<,>=:=<(M,?@972C=>=6 <.:

(11) M,47nSf<puC=>=4J9<p4lRP<,>=:=<,uv\tw?>=<,?lRP<,>TC=E1<pU#?>=A Jja :#U

(12) <,A KL4>=< 6 :[:F?O"<,C=6 O"<,:[J9<,M,>=<.4:=6 718v\ x;yz.{|j}P~oP€_j‚ 7HC=<,>=794CQ6 ?P714PAH3V>=4PJ1<1T.ƒp6 :=5HX„4R<,>=:=6 ?7jT,6 J16 ?:=BH79M,>Q4C=6 M[>=6 :=5VT ‚ 79X K <.>=6 ?>q3V>=4J9<H\ x† 2‡ ˆ‡ ‰gŠ[‹ Œ2€F€F ŽjFŒP‘ }2’V“v”(•F–"”(•=—. ˜.

(13) ™ šj›œ

(14) ž[Ÿ D¡¢œ£Ÿ› ¤m¥§¦N¨©«ª1¦_¬_¨­ ®i¯Z¬_°v¨²±p³ ªH®v´H³qµq¶i¬_¦_¨©t¦_¨¶v¨·t¦N¥_°v¸ ©²¹ZªH¶v¸ ¬_ª1¦hº »H¼F½p¾N¿VÀ Á1¾HÂêHÄ(¬N°v¨c´H­v·t³ ¬ ©«ª1©t·t³ ´H¬N¸ ª1¶Z¸ ¥m¸ ¶9Å1ª1³ ÅH¨­¸ ¶Z¬_°t¨nÆl¦N¨l´1¬_¸ ª1¶´1¶t­Ç1¦_ªPȬN°ªHÄ[¥N¬_´1¦N¬m·t©®t·t¥N¸ ¶t¨l¥N¥_¨¥m¸ ¶Z¬_°t¨ É ¶t¸ ¬N¨­ËʬN´H¬_¨¥HÀ§Ì°v¨¦_´H¬N¨ª1Äp¨¶i¬_¦_¨©t¦N¨¶t¨·t¦N¸ ´H³[´HƬN¸ Å9¸L¬=¯¸ ¥§³ ªPÈ(¨¦"¸ ¶²¬_°t¨cÍc´1¸ ¶²¬_¦_´1­t¨ ©t´1¦N¬_¶f¨¦N¥ªHÄq¬_°t¨ É ¶t¸ ¬_¨l­ÎʬN´H¬_¨¥Hϧ¾1À ÐV¾1ÂѸ ¶^Ò1´1©t´1¶

(15) ½tÓ*À ÔHÂÕ¸ ¶ZÖ«¦N´1¶tÆl¨i½#Á1À ¾N×*ÂѸ ¶Ø±p¨¦_Ù Íc´H¶i¯c´1¶t­ Á1À ÓVÚ1Â˸ ¶¬N°t¨ É ¶t¸ ¬N¨­;Û"¸ ¶tÇ1­tªHͲÀj¤mÆƪH¦N­t¸ ¶tǬ_ªµq¦NÜ9¸L¸«Ý¸ ¸ ÜP´H¶v¨l¶[½2Íc¨Í®V¨l¦ ª1Äk¬_°t¨hµq·t¦NªH©V¨l´1¶ßÞª1Íc͝¸ ¥N¥N¸ ª1¶#½

(16) ¦_¨l¥N©«ª1¶t¥N¸ ®t³ ¨;Ąª1¦µq¶i¬_¨¦N©t¦_¸ ¥N¨;´1¶f­`¬N°t¨;à=¶tĄª1¦N͝´H¬_¸ ª1¶ ʪiƸ ¨l¬=¯f½táHµp·t¦NªH©V¨n¥N·tâV¨¦_¥Ą¦NªHÍã´1¶Z¨¶i¬_¦_¨©t¦N¨l¶t¨·t¦_¥N°t¸ ©Z­v¨lävÆl¸ ¬¸ ¶ZƪH͝©v´H¦N¸ ¥_ª1¶Z¬_ª;¬_°f¨ É Êá*ÀvÌ°t¸ ¥n¥N¬=¯9³ ¸ ål¨­ Ą´1Ƭ§¥N·tÇ1ÇH¨l¥N¬N¥n¬_°t´1¬§¬_°t¨ É ¶t¸ ¬_¨­æʬ_´1¬_¨¥§´1¦_¨¦N¨³ ´1¬_¸ Å1¨³ ¯ZÈ(¨³ ³[¨¶tÙ ­tªPÈ(¨­c¸ ¶c´§©t¦Nª9­t·vÆl¬N¸ ª1¶Ä„´HƬNªH¦qÆ´H³ ³ ¨l­áH¨¶i¬_¦N¨l©t¦N¨¶t¨·t¦NáVÀ*ç·t¬qƪ1·t¶i¬_¦N¸ ¨l¥H訶t­tªPÈ͝¨l¶i¬_¥ Æ´H¶g®«¨;¨éi©t³ ´1¸ ¶t¨­`·t©iÈ(´H¦N­`®i¯ ¬_°v¨;´H¬N¬_¸ ¬_·t­v¨h¬_ªPÈ(´H¦_­v¥¦N¸ ¥_܆ªHÄk¬_°t¨;Ƹ ¬N¸ ål¨l¶v¥ªHÄk¨´HÆ.° ƪH·t¶i¬_¦N¯fÀÌ°t¸L¥´H¥N¥N·tÍc©t¬_¸ ªH¶†¸L¥¥_·v©t©«ªH¦_¬_¨­†®i¯²¬_°t¨µp·t¦_ª1©«¨´1¶êÞªH͝Íc¸ ¥_¥N¸LªH¶#è ¥µq·t¦_ªHÙ ®t´1¦NªH͝¨l¬N¨¦¥N·t¦NÅH¨¯ëº Ó1¼#¥N¸ ¶tÆl¨»HÐ*ÂÕª1Äpµq·v¦_ª1©«¨´H¶²®t·t¬Ó*ÚHÂìªHÄp¤mÍc¨¦N¸ Æl´1¶^¸ ¶t­v¸ Å9¸ ­v·t´1³ ¥ ¥_·v¦_Å1¨l¯1¨­h´HÇ1¦_¨¨­hȸ ¬N°D¬_°t¨"¥_¬N´H¬N¨l͝¨l¶i¬áH´®v·v¥_¸ ¶t¨¥N¥¥_°vªH·t³ ­h¶vªH¬®V¨¥N¨¬·v©h¸ Ä

(17) ¬N°t¨¦_¨"¸ ¥ ´c¦_¸ ¥NÜ;¸ ¬Íc¸ ÇH°i¬đ´H¸ ³ á*À Þª1¶v¥N¨líi·t¨l¶i¬_³ ¯f½l¶t´1¬N¸ ª1¶t´1³H¥N©«¨Æl¸ ´1³ ¸ å´H¬_¸LªH¶§Ælª1·t³ ­§®«¨[Ç1¦_ª1·t¶t­t¨­§ªH¶§¬_°t¨qáH¨¶i¬_¦N¨l©v¦_¨¶t¨·t¦NÙ ¥_°v¸ ©;­t¨ätƸ ¬NáªHĵq·v¦_ª1©«¨´1¶hƪH·t¶i¬N¦N¸ ¨¥¸ ¶hÆlª1Íc©v´1¦N¸ ¥_ª1¶;¬Nª¬_°t¨ É ¶t¸ ¬_¨l­`ʬN´1¬_¨l¥2ÀÊ°vª1·t³ ­ µq·t¦NªH©V¨´H¶DƪH·t¶i¬N¦_¸ ¨¥´2ÅHª1¸ ­D¦_¸ ¥NÜi¥´1¶t­D³ ¨l¬¬N°t¨ É ¶t¸ ¬N¨­gʬ_´1¬_¨¥¥N©V¨lƸ ´1³ ¸ å¨"¸ ¶D¦N¸ ¥_Ü9¯;´HÆÙ ¬N¸ Åi¸ ¬N¸ ¨¥2îgïØ°t´1¬"¸ ¥§¬N°t¨c¸ Íc©t´1Æl¬"ª1Äpđ¦_¨¨c¬N¦_´1­v¨cªH¶ È(¨l³ đ´H¦N¨fîgàQ¶²¬N°t¸L¥§©t´H©V¨l¦§È(¨cĄªiÆ·v¥ ª1¶¬_°t¨¥N¨§¸ ¥N¥N·t¨l¥k®i¯;­t¨ÅH¨³ ª1©t¸ ¶vǝ´Ícªi­t¨l³jÈ°v¸ Æ,°¨¶t³ ¸ ÇH°i¬_¨¶t¥m¬_°t¨§Æ.°tª1¸ Æl¨nªHÄ#Íc´1¶v´HÇ1¨¦_¥ ®«¨¬=È(¨¨l¶D¦N¸ ¥NÜ9¯†ðL¸ ¶t¶vª2ÅP´H¬N¸ ÅH¨fñ´H¶v­hƨl¦N¬_´H¸ ¶gð„¦_ª1·t¬_¸ ¶v¨iñ´HƬN¸ Å9¸ ¬N¸ ¨¥2À Ì°t¨©t¦NªH©VªH¦N¬_¸ ª1¶cªHÄ«Íc´1¶t´1ÇH¨¦_¥q¸ ¶iÅHª1³ Å1¨l­c¸L¶c¸ ¶t¶tªPÅP´1¬_¸ Å1¨©t¦Nªtò„¨Æ¬_¥q¸ ¶c´1¶c¨ÆªH¶tª1Ín¯¸ ¥ ªHđ¬N¨l¶;¨éi©t³ ´1¸ ¶t¨­;®i¯¬N°t¨ät¶t´1¶vÆl¸ ´H³*¥N¯i¥_¬N¨lÍ²è ¥´H®v¸ ³ ¸ ¬=¯¬_ª©t¦NªPÅi¸ ­v¨đ·t¶t­t¥đªH¦¸ ¶t¶tª2ÅP´H¬N¸ ÅH¨ ©t¦_ªtò‘¨Æ¬_¥1ólÀßç·t¬hª1¬_°t¨l¦hƪH¶v¥_¸ ­t¨¦N´H¬N¸ ªH¶t¥h´1¦_¨^đ¦_·t¸ ¬NĄ·t³ ³¬Nª`·t¶t­v¨l¦N¥N¬_´1¶v­Ë¬_°t¨^¥N°t´1¦_¨^ª1Ä ¸ ¶t¶vªPÅP´1¬_¸ Å1¨k´HƬN¸ Åi¸ ¬=¯¸ ¶¬_°v¨m¨ÆlªH¶vªHͯfÀ*Ö«ªH³ ³ ª2ȸL¶tÇn¹Z´H¶tª2Å1¨k´H¶t­ô#´1­t¸ ³ ³ ´Dº Á,¼v´1¶t­¤m³ ³ ¨¶ ´1¶t­ë±p´H³L¨hº ¾N¼F½iÈ(¨§¥N¬_¦_¨¥N¥k¬_°t¨nÜH¨¯;¦NªH³ ¨nªHÄ#¬_°t¨§­v¸ ÅH¨¦N¥_¸ ¬=¯;ª1Ä#ªH©t¸ ¶t¸ ª1¶t¥k¦N´H¬_°v¨l¦k¬N°t´1¶¬_°t¨ ät¶t´1¶vÆl¸L´H³

(18) ¥_¯9¥N¬_¨Íã­t¨l¥_¸LÇH¶#À(¤¥m´1³ ¦_¨´1­t¯híi·tªH¬N¨­®i¯`ÊÆ.°i·tÍc©V¨l¬N¨¦º Ð1¼=½f¥Nª1Íc¨nÍc´1¶t´HÇ1¨¦_¥ ´1¦N¨c͝ªH¦N¨cá1¨¶i¬_¦_¨©t¦N¨¶t¨·t¦_á¬_°t´1¶²ª1¬_°t¨¦N¥§È°t¨¶ ¬_°v¨l¯^Ą´1ƨ¬_°t¨·t¶tƨ¦_¬_´1¸ ¶i¬=¯Z¸ ¶v°v¨l¦N¨l¶i¬ ¬Nªg¸ ¶v¶vªPÅP´1¬_¸ ÅH¨²©t¦Nªtò„¨Æl¬N¥HÀÕÛ"¨l¨©t¸ ¶vÇg¬_°t¸ ¥D¸ ­t¨´ëªHÄn­t¸ Å1¨¦_¥N¸ ¬=¯Ø¸ ¶æÍc¸ ¶t­[½Èp¨²Ælª1¶v¥_¸ ­v¨l¦ ¬N°t¨c­t¸ ÅH¨¦N¥N¸ ¬=¯ª1ÄpÍc´H¶v´HÇ1¨l¦N¥"¦_¨ÇH´1¦_­t¸L¶tÇh¬_°v¨¸ ¦§ªPȶ²­t¨ÇH¦N¨l¨cª1Äp¦_¸ ¥NÜiÙG´2ÅH¨¦N¥_¸ ª1¶²´H¶t­²´1³ ¥_ª ¬N°t¨²­t¸ Å1¨¦_¥N¸ ¬=¯ØªHÄÆlª1·t¶i¬_¦N¸ ¨¥h¦N¨ÇH´1¦_­t¸ ¶vÇg¬_°v¨¸ ¦DÍc´H¶v´HÇ1¨¦_¥2èq¦_¸ ¥NÜiÙo´PÅH¨¦N¥_¸ ªH¶æ¦N¨©v´H¦N¬_¸ ¬_¸ ª1¶ Ą·t¶vÆl¬_¸Lª1¶t¥HÀ^Ì°t¨¥N¨hĄ·t¶vÆl¬N¸ ªH¶t¥c¥N¯i¶i¬_°t¨¬_¸ ål¨h©t¥N¯iÆ,°vªH³ ª1ÇH¸ Æ´1³F½

(19) Æl·t³ ¬_·t¦N´1³´H¶t­g¥NªiƸ ª1³ ª1Ç1¸LÆl´1³ ­v¸ ⫨¦_¨¶vÆl¨¥

(20) ´1¥#Èp¨³ ³f´H¥#ät¶v´H¶vƸ ´H³i¥N¯i¥_¬N¨Íc¥#¥_©V¨lƸ ävƸ ¬_¸ ¨¥HÀ*Ì°t¸ ¥#đ¦_´HÍc¨È(ªH¦Nܧ¸ ¥#ƪH¶t¥N¸ ¥N¬_¨¶i¬ ȸ ¬_°¬_°t¨k¦N¨¥N·t³ ¬F¥pª1Ä*¬F°t¨kµq·t¦NªH®t´1¦NªHÍc¨¬_¨¦§¾,¿*Úp©VªH³ ³[º Ó1¼FÏ*¥NªHÍc¨kƪ1·t¶i¬_¦_¸ ¨¥p´H¦N¨kÍcª1¦_¨k¦_¸ ¥NÜ ´PÅH¨¦N¥N¨"¬_°v´H¶DªH¬N°t¨¦_¥HÀ õ ·v¦"Ícªi­t¨³[¸ ¥"Ƴ ª1¥_¨¸ ¶²¥N©v¸ ¦_¸ ¬"¬_ªh¬_°v¨¥N¨Íc¸ ¶v´H³#©v´H©«¨¦N¥"ª1Äpöm¨È®«¨¦N¯´1¶t­Ëʬ_¸LÇH³ ¸ ¬Nå º ×H¼«´H¶v­²ÊP°i¯Zº ÷H¼«¥_¸ ¶vÆl¨mÈ(¨k´1¥_¥N·tÍc¨m¬_°t´1¬q¦N¸ ¥NÜ´PÅ1¨¦N¥N¨͝´1¶t´1ÇH¨¦N¥pĄ¦N¨l¨³ ¯Æ.°tª9ª1¥N¨k®V¨l¬=È(¨¨l¶ ´`¦_¸ ¥NÜi¯ë©v¦_ªtò„¨Æ¬;´H¶t­Ë´`¥N´Hđ¨ZªH¶v¨Z´H¶t­ËÍc´1¦_Ü1¨¬N¥;đªH¦;¦N¸ ¥_ÜÎ¥_°t´H¦_¸L¶tÇ`´H¦N¨Z¸ ¶tƪ1Íc©t³ ¨¬N¨fÀ öm¨ÅH¨¦N¬_°v¨³ ¨¥N¥2½È(¨q͝ªPÅH¨p´PÈ(´P¯"Ą¦_ªHÍ߬N°v¨¥_¨pđ¦_´HÍc¨Èpª1¦_Üi¥

(21) ®i¯¸ ¶i¬N¦_ªi­v·tƸ ¶tÇcð„¸Fñi´k­t¸LÅH¨¦_¥N¸ ¬=¯ ªHÄp͝´H¶t´1ÇH¨¦N¥"¸ ¶t¥N¬_¨´1­²ªHÄp´D¦_¨©t¦N¨l¥N¨l¶i¬N´1¬_¸ Å1¨Íc´1¶t´HÇ1¨¦"´1¶t­ËðL¸ ¸Fñq´1¶²¸ ­t¸ ªH¥N¯i¶vƦ_´1¬_¸ Æc¦_¸ ¥NÜ ¦_´1¬N°t¨¦[¬_°v´H¶c´"ÇH³ ª1®t´H³t¦N¸ ¥_ÜÀ*¤ÆÆlª1¦_­v¸ ¶tÇ"¬_ª"·t¥H½P¬_°v¸ ¥[¸ ­v¸ ªH¥_¯i¶vƦ_´1¬_¸ Æ©«¨¦_¥N©«¨Æ¬N¸ ÅH¨¸ ¥[ÍcªH¦_¨ ´H­t´1©t¬N¨­`¬_ªZ¸ ¶t¶tªPÅP´1¬_¸ Å1¨´1Æl¬N¸ Åi¸ ¬_¸ ¨¥Hϧ¸ ¶†¨´1Æ,°`ƪH·t¶i¬N¦_¯²¥NªH͝¨¦_¸ ¥NÜ9¯²©v¦_ªtò„¨Æ¬N¥¥N·tÆƨ¨­ Èk°t¸ ³ ¨"ª1¬_°t¨¦N¥đ´H¸ ³FÀ øoùPúFú[ûjüPýlþ.ÿ    ÿ jý

(22) .ú  Ô.

(23) !#"$%&('!) *+$,*$%&-*./102*.3 %4!*+5) .!"$) *+"+/1) 67!3 )  &("$4"$8+ $9!) : ; "<+ !) *+#) !!) =%4!) *+#"+>?4  &-) 4"$.>*$0@!!!"+'"$!!#"+ A "+&-) B"$3C3*$%.!DE9 F8+"$) G0H!*+&I!"$J"+CJ8+/ *$="+/K6@3F"$BL?/ /MON?"$)  02!*$&P!"$4Q"+!5="+ R*$SAT'@*$!U%) / ) VDT3*$&-'"+!)W!*+U!%/ !) 48G0H!*$&P6@3) <$ 3*$%&-') *$$M XYZ!*L["$\!Z8$/ *+="$/W/ DJ/ \!) :U"<+ Z3 *+%.!DJ"+/ / *.3]"$!\&-*$!Z&-"+"$8+! ) R^!) !:.DT"+3!) <.) VDT!4"$R!^8$/ *+="$/W/ DT&-*+!^!) :_"<$!!^3*$%.!D`Mba\>,?! 0H*+&-3*$%.!Dc'@3) "+/ ) d ) ^!B'*.%43 !) *+5*+0e!#!) :.Dc3*$&(&-*.) VDcLf)W/ B! / "$!g'@3) "$/ ) dg) O!4-3 !"+) O3 *$&-&-*.4) VD5!%/ !) 48h02!*+&i#!*$%4) #'*.3 !$M j4*$&k\*$&-"+!) <$\'7*$) .e*$07<.) L#,!4\) &-'`"$3e*+070Hf!"+f*+(3 *+%.!) 9L?/ 0H"$! ) 3*$.!"$!>lmH)n1B/  ) !:h"<$!F3*+%.!!Dh)W\"+/ L?"D.=@!!*+6e,1mH) )n1F&-*$! !) :U"<+ Z3*$%.!DU3"$c=7Z )Wf=7!\*$\LK*$!Z*+6eM1o5*+!*<+#mH) ) )nE/ %&-'4;%&!"$0Hf"+!Z!*+&-!) &-\) &-'@*+!) =/Wg) 3ggL?*+!/ >9 \LK/ 02"$g&-"DJ3/ ) `M a\Z'"$'7)Wf*$8$"+) dh"+f02*$/ / *L\$Mfp]3 ) *$rq\!3 ) =@fg0H"$&(LK*+!:J*$01 &-*.4/VMJp3!) *$Osh"$"+/ D.!g#"+%"$!:.DQt.%) / ) =) %&^MUp]3!) *$Ouh) .<$!) 8+"$ Z!4 02! (!"$(t.%) / ) =!)W%4&^MQp]3 ) *$[vF) Z!4-L?/ 0H"+!("$"$/ D.) MQp]3!) *+Ywc3*$3/ %$M xe*.*$02\"$g'!*<.) c) c!Z"$'4'7 4) AEM y. z|{Q}~$€‚Zƒ„} k†B€‚‡. ˆVY!) F 3) *+>,‰LK(3!) =7-(!!%3 %(*$0"$Y3*+*$&BD^Lf) !Y"c3*+.!) .%%&Š*+0 ) :O"<$!U&-"+4"$8+ B=7*$%G!*53*.*$U=@VL? G!U'* %43 ) *$G*+0"^%3 !"+)  3*$&-&-*.4) VDU"$c"-3!"$) h3*+&-&-*.) VD`M ‹TŒQ+Ž4‘’“ XY\3*$4!) K"F3*+.!) .%%&|*$0‰&-"+"$8+!?Lf) ("B'@*+'4%`/ "$) *$J*+&-"$/W) d J!*c”+M•ˆV ) '7*$) =/ B*U) .!) 0HDQ"$3^&-"$4"$8+ Z–?Lf) !^) g!'73) —3Q˜E*+!"$.™ / "+!) <+B) : ; "<$) *$_m!˜E™\™\šJn‚›?œV,`!) 3/ Dh) 6@!.0H*$&) '@!$9 *$`MF˜E™\™\šžA 4) =) !" 43 !"+!) 8("+=*$/ %Z) !:.;"<+!) *$QLf) Q!<+ %4.,.Lf) 3Q) \3*$) !.\Lf) !Q &('4) !; ) 3"$/E!<+"$/ Q'!02 43 $M>af) !'73) —3"$!) *+Q"$"$/ *(!F"$<"$."$8$F*(3*$!<$ Z!/ "+!) <$Z'@*+) !) *+h*+01&-"$4"$8+!f02*$\ "+3c/ <+/‰*+01!<+ %4.M o^*+!*<+ $,fLKO"$%&-O"rVLf) 3 O) 6@ ) "$=/ O"+[&-*$4*$!*+*+%4h) !) =%!) *+ *$0f&-"$4"$8$$9 B!) :.;"<$!) *$‚MJ™\) :.;"<$!!) *+C) B"$%&-C*Q=7(!) 3/ DO) 02!) *+F!* %4) VD`Ÿ.M › œE b¡g¢‚£ – ¤‚¥•¦ §‰¨ ©ª4«¬¦ › ¨ ›1ª‰Lf) c› œ>­ ª §‰¨ ©+¦W® afB/ !) :c"<$!B&-"+"$8+"$!B/ *LK(˜E™\™\šil ¡ ¢ £ §7¤   › ®Ep) &-) / "$!/ D`, !Z&-*$g) :J"<+!Z&-"+`"+8$f4"$fg4) 8$#˜E™\™\š¯l ¡¢‚£ ©+¤   ›fM p]) 43 -'@*+'%/ "+!) *+^) Z*$&-"+/ ) d ^*G”$,@!4#'7*+'%/ "+!) *+^"+-"< ) 8h"r˜E™\™\š / *L?f*$ft.%"+/‰*-!F–°±&("+"$8+9 \*$hmW)M F›?œVnE) fht.%"+/‰*(– ²(® ³V´HµE¶7·\¸¹º@» ¼?½·¾ ¼ ½¿ À¼?¼Á·½¿ ¾Â]à ĐÅ·½ ¾ ¿ ¹º(¼¹ZÆ$·Ç ·!¾¾?¼ ÁÄ º-¹ º]·È ¼ Á·\½ ¿ ¾ Â]ÃWÄÅ ·½¾ ·É¼¿ Ç ¿ ¼HÊ#Àĺ-Æ+· º·Ë ļ¿ Å·͕̉Á·º@È]Ä\Ç ¹¶7·½>ν¹ ÆÄÆ¿ Ç ¿ ¼2ʶ7¹ÉÇ ¸ZË¿ Å·?Ä\Ç ¹¶7·½>º·!ËÄ ¼¿ Å·K·!Ï Î$·À!¼·!¸Zɼ¿ Ç ¿ ¼2Êĺ¸F¼Á·!ºZÄ ¾ ÉÎ$·½ ¿ ¹ ½7·Ï]Î$·À!¼·¸\ɼ¿ Ç ¿ ¼HÊÐ+Ñ1¾‰¿ º\ÒÁ]ÊBÓ Ô ÕȐ¿ ¼7¶7¹ÉÇ ¸\Æ$·>º·À!·¾ ¾ ĽÊf¼¹KÁĐÅ·1ÄKº¹ºÃWÖ·½ ¹KÎÄ ¿ ·×·!º¼7¿ º Àľ ·‰¹ µ$ν¹Ø ·À!¼µ Ä¿ Ç É½·Ì$͕Á¿ ¾¶7¹ÉÇ ¸?ɺº·À·!¾¾ Ä ½¿ Ç ÊeÀ¹ ×?ÎÇ ·!Ï¿ µ Êe¹É]½×¹¸·Ç ȶ•¿ ¼ Á¹É¼½ ·Î½ ·¾ ·º]¼Ä¼ ¿ Å · ÄË·!º¼Ì. s.

(24) ÙÚEÛUÜ>ÝÞTߝàQáHâ ã(äå‚æ2çèeé[æ êOëUê èHç•ìcê í+î4ï(ägðKæ2çèeé[æ êOëUê èHçñ‚ìhê ägðKæ2çèõ‚ö‚÷#ø+ù]â í+á2î5â ã+÷fúø+ûHû ø+ö‚á2î]ü#üýíþ‰ã+á2ÿí+û•á2ûHû âýí+â á2ø+î. òçó äå‚æHç èeô. α α. A. B α. 0. 1. n.    

(25)       . 4 î ÿ ] ÷ ý â í Há 4 î â .      

(26)    !

(27)  "!

(28) #  $   %

(29) & ') ( +*$% #, % .    0%  /  +(2 1   & 4 /  3 6 +5 4 & 8 7 #  9 0% 4 / < : #; .  

(30) &   #   4 

(31)  $,=

(32) ! >% %  # >? #, '

(33)   @ # ' . ( 8 A # +*$# # B &

(34) 7  >%

(35) /  #,  % B &

(36) 7 

(37) % DC 6 #, )1E% 

(38) 7  >%

(39) /  6,  % B &  7 

(40) % FC # 6, $3 ! ) DH %  .  # I #, % .  # I  DH  % J    $ * # ' ' K >L

(41) & M% N * O & 

(42) & O /  '  # 

(43) / 2 ( # >? P 7 6   #

(44) & #, # Q /  %  9

(45) & )  #R,

(46) !

(47) & % ' K G

(48). %  4 (

(49) 7  0%

(50) /  6,   & S   

(51) /   %

(52) &   ' #, % .  .  >%

(53) /  +( G >!

(54) T 

(55) 7 

(56) % FC # #, U1V T     0L ' #    

(57) &  /

(58) 7  >%  /

(59) #, T #, #   2 & 0W

(60)  >&  +(% X H Y  #, %   .  >%

(61) /  +(B  DH  #Z %

(62) & S 8 7 #   >%  / N  T [  & !

(63) S 6, % >&     ( ; 6, % .  .  >%

(64) /  +( \ 3  6 >W    # S  2   & #  *  6R,  !

(65) & % ' %   6,   '

(66) 7  >% #, #  S  N *

(67) !  R, E ! #,  E & FH   ] ' 8 A # #,    Y % T H  #R,  !

(68) & % ' %  9 6,  ' 8 7 #  DH # #,   & Q 

(69) / . ^ #,

(70) '  # )  % )  0L  ' 9' S  ' #  

(71) & 

(72) & Q 

(73) 7  %

(74) A ' # .   )  _ #

(75) & #,  8 ;

(76) 7   % DC # #, S3`

(77) 7  M% >@ 

(78) / # S   >W   >&  +(Y % < H  B &  &

(79) & M% M@   @ I #, %   .  >%

(80) /  +(Ya 3 N *  !

(81) 7  %  A 

(82) A  '  +(.S b 

(83) &  / FH   ' )  Dc

(84) & d %

(85) 7  >%

(86) /

(87) #, K  %  & X e N *  !Q

(88) 7  %  A   A  '  +(\ f O ë 8 b    I   

(89) .  I !

(90)  T!

(91) I

(92) 7  %  A   A  '  +(Y % < H 

(93) #, #, 6    ) b   6, %   # #, ' Y (  0&  #, 

(94) 7   6B / >A Y ( .  

(95) & K.   g    G

(96) ! 9 I      . 

(97) 7  % O & .  # 

(98) &  !

(99)  I!

(100) d  / . ^ #,

(101) '  #  %  H

(102) & # h *  6R,

(103) !

(104) & % ' %   ( 

(105) / %

(106) 7  % &.   4 #, ' %  4 %2  .   '  U 6,   # U  V & !

(107) Y

(108) 7   N_ #

(109) & #, 

(110) ;

(111) 7   % DC # #, 2a i   4 

(112) & 6,  # .  # 0&   ' 

(113) &

(114) & % K M@   %

(115) & I    !

(116) 6 N !

(117)  Q &  

(118) /  #,  j ' 

(119) &

(120) & k% M@   %

(121) & I  Q & !

(122) )  #

(123) &  ) % I H gl R, >!

(124) .  8 7 #  #  n  m. + í Rý ] o ÷  ⠐ â Rý `ÿ]pâ .ý÷. ! #  Q 9   q  %

(125) & 'r ( %  & Q

(126) 7  >%

(127) /

(128) #,  % s & 9H  #, %. ] ; !Q   

(129) &   # t   M% N * s & '  8 A % k Q u < v S w 

(130) & / G

(131) P v E x  / 6  & %  y!

(132) E .  

(133) &   # k t    7  >%

(134) /

(135) #,  >@  +(s a & #  R, z !

(136) 7 

(137) % DC # #, k|Z { # #, 

(138)  y % d H #, %

(139) &  >&  #  

(140) & k X ; .    L # Y   2 8 7 #  DH # #, '  ( #, % .  8 7 6   @  O  _ #

(141) & #,  X ; !

(142) 2  7  %  } 4 Y  # >?  !     #~ / & #  R, n !  &  /

(143)   ~ (   & n /   

(144) &   # t    # 4 

(145)

(146) & #    % s &     . 

(147) 7 '~ ( !Q #, % .  P 7 #   @ Q .    L #  *    I u  w a é € wv w.   & y / )  c x a é  € gx P v

(148) x U  y  .   

(149) .  Y #, %   .  >%

(150) /  +(ns 1 S  !Y >&

(151)   6   9    ! 6  & 8 € Q w ‚ é B f 

(152) &  /  €  # DH #  B  %!

(153) O  # '   @ O

(154) 7   6, V % S H #, % .  .  >%

(155) /  +(rƒ 3 s &  6 .  B  % H G

(156) #, %   .  >%

(157) /  +(qZ 1  " 1

(158) ! %  #, 4  # >? #, '

(159)   @ >  u #  R, V !

(160) 7  >%

(161) /

(162) #,  % V &

(163) 7 

(164) % FC # #, - # >W    #  !

(165) 4 %  " ' $ * %  >L  .  4 % H 2    

(166) &   #  ;

(167) 7  # @ # 0& 

(168) &    >& O (

(169) /  @ #   9

(170) } #,   % y & =,

(171) ! %  #,   V „ 

(172) &   #  S  R,

(173) ! >% %  Y 8 A # +*$# #  & 1 .

(174) †‡

(175) ˆy‰`Š

(176) ‹Œ  ‹)ŽŽ

(177) .‹6‘’ “

(178) ŽŒ ‡y ”“

(179) ‡

(180) •##‹Ž† Œ9‡0Ž+–—S˜U”DŽ#‹SŽ

(181)  ‘.Œ ‡

(182) Œ ŽŒ †’•R

(183) Œ •#6‘ ™8’ †š8 ‹ Œ ‘d”F‹›##‡qŒ ‡q6†•R‘#•#Ž‹d“

(184) ‡>ŽŒ ’Ž‹#‘“

(185) ’ Ž‘4 ”ZŠ

(186) ‹>ˆ“

(187) •#ŽŒ ‡qŠ

(188) ‹>•##‘‘#‘4† ‹B‹#œ #† ’ #ˆ]—  

(189) #‡~ž.†‡

(190) † Ÿ #‹‘Y‹#•##Œ œ2Ž

(191) 2•# žŠ8#ŽŒ ŽŒ œ 2ž.†‹ #Ž4¡$† Ÿ2‘ŠP6•#Œ ¢

(192) •2ŽEŽ

(193) 2Œ ‡

(194) ˆ

(195) “‘Ž‹–™ £)¤‹S£S¥Y¡I

(196) Œ •RVŒ ‘S•# ‡>ŽŒ ‡

(197) Ÿ#‡0ŽUŽ2‘“

(198) •#•##‘‘k—I¦+‡VŽ6‹U¡$ ‹ˆ‘k™Š

(199) ‹

(200) §F#•#Ž¨nŠ

(201) ‹Mœ0Œ ˆ#‘U† •##‹Ž† Œ ‡E¡†Ÿ V©D‹#œ #‡>“ª]Š

(202) † Œ #ž.#‡>ŽS£)¤$Œ ‡EŠ8#‹Œ90ˆ«)¡ZŒ ’ 4Ž

(203) Y“

(204) ‡•#6‹Ž† Œ ‡EŠ‹§D#•6ŽU‰ ˆ#’ Œ œ #‹‘$£ ¥ ¡IŒ ŽŠ‹ š† š

(205) Œ ’ Œ Ž+–¬)† ‡

(206) ˆB›##‹d¡NŒ ŽŠ

(207) ‹ š

(208) †š

(209) Œ ’9Œ Ž+–V­®.¬8—  

(210) Œ ‘$† ‘‘“

(211) ž.Š

(212) ŽŒ ‡ ”Œ ‡ˆ

(213) “

(214) ‘Ž‹–>¯p‘Š86•#Œ ¢

(215) •$¡$† ŸŒ ‘”D“‡

(216) ˆ

(217) † ž6‡>Ž†’>‹6’ ‘†‡4

(218) ’ ˆ

(219) ¯“

(220) ŠYŠ

(221) ‹š

(222) ’ #ž|¡“

(223) ’ ˆ4†‹Œ ‘#ˆ ° Œ ”T¡$†Ÿ6‘S¡$6‹Y6±0“

(224) †’#²QŠP ‘Žk™‹Œ ‘ Q†kœ #‹‘Yž.†‡

(225) † Ÿ#‹‘S¡“

(226) ’ ˆE‡

(227) ŽUŽ†  4Ž

(228) 4‹Œ ‘ Q” Š

(229) ‹>ˆ

(230) “

(231) •#Œ ‡

(232) Ÿ‰— ³n´Nµ¶8·=¸>¹Nºj»¼Fµ¶  

(233) Zž.†‡

(234) †Ÿ6‹¯p•# ‡

(235) ‘“

(236) ž.#‹]š

(237) “

(238) –>‘•#ž.ž>ˆ

(239) Œ ŽŒ #‘]†”DŽ6‹Ž

(240) Z‹6‘ ’ “

(241) ŽŒ ‡Y”“

(242) ‡

(243) •6#‹Ž† Œ ‡>Ž+– Œ ‡YŠ8#‹Œ >ˆV« —  6‡.¡Z† ‘‘“

(244) žZŽ† Ž]† ’ ’

(245) •6‡

(246) ‘“

(247) ž.#‹‘†‹ZŒ ˆ6‡>ŽŒ •6† ’†‡ˆY† Ÿ ‹#Ÿ† ŽZ“

(248) ŽŒ ’ Œ Ž+– Œ ‘2½"¾B¿ÁÀ<ÂÃÀXÆÈ ÄRÅ Â ÇXÉ 6‡•6™TŽ

(249) Oˆ

(250) #ž.†‡

(251) ˆs”F“

(252) ‡

(253) •#ŽŒ ‡

(254) ‘BŒ ‡Š8#‹Œ >ˆ\«2† ‹VÀ ¥ ¿ ÂpË Ê †‡

(255) ˆ ÀP¤$¿aÌ­I®OÍÎFÏ¡N

(256) #‹dÏŒ ‘IŽ

(257) )‡

(258) † ŽŒ  ‡

(259) †’jŒ ‡

(260) •# ž.— ³nÐÑ+µMÒ¸>Ó=ÔMÑR·ÕÒÔ=Óg¼F·=¼Dµ0¶VÑR¸>Ö Ô ¦+‡n ‹ˆ#‹.Ž‹#† •Rn†yˆ

(261) #•#Œ ‘Œ  ‡™#†•=nž.† ‡† Ÿ#‹¯p¡ ‹ #‹¯p•# ‡‘“ž.6‹ž.† ²>Œ9ž.Œ ›##‘.† × ‡ØU6“ž.† ‡‡

(262) ¯ÙV‹Ÿ#‡

(263) ‘Ž#‹‡Q#²>Š8#•#Ž#ˆQ“

(264) ŽŒ ’ Œ Ž+–2 ”"

(265) Œ9‘N•# ‡

(266) ‘“

(267) ž.ŠŽŒ  ‡Q”F“

(268) ‡•6ŽŒ  ‡]— ¦+‡4ŠP6‹Œ >ˆ4ÚP™#†Už.†‡†Ÿ #‹]Û8•R

(269) > ‘#‘"ŽŠ

(270) ‹

(271) §D#•#Ž"¡N

(272) Œ •R4Ÿ Œ œ#‘"Ž

(273) 

(274) Œ9Ÿ #‘Ž"#²>Š8#•#Ž#ˆ “ŽŒ ’ Œ Ž+–)”

(275) ‹#œ#‡0“‹#Ÿ †‹ˆ

(276) Œ ‡Ÿ-

(277) Œ ‘ˆ#Ÿ ‹#$ ”‹ÜŒ ‘ >¯†Mœ#‹‘Œ ‡YÝ$¾+—<˜-’ Ž

(278) “

(279) Ÿ 4Ž

(280) $“

(281) ’ ŽŒ ž.†Ž Ÿ †’ ”\†Ož.†‡

(282) †Ÿ #‹dŒ ‘4ŽOž.†²0Œ9ž.Œ ›#

(283) Œ ‘4•# ‡

(284) ‘“

(285) ž.Š

(286) ŽŒ  ‡q“

(287) ŽÜŒ ’ Œ9Ž+–E”D“

(288) ‡•6ŽŒ  ‡™jŽ

(289) Œ ‘dŸ †’ •#† ‡.šPN† •R

(290) Œ #œ Nš>–4Ž

(291) NŠ

(292) ‹Œ ‹]Œ9‡

(293) ˆ

(294) Œ ‹#•#Ž]ž† ²>Œ ž.Œ ›#†ŽŒ  ‡ ”P#²0ŠP#•#Ž#ˆ.“

(295) ŽŒ ’9Œ Ž+–d”8š“

(296) ‘Œ9‡

(297) #‘‘ ‹#œ#‡0“

(298) )”"Š

(299) ‹>ˆ“

(300) •#ŽŒ ‡— Þ #¢

(301) ‡

(302) Sß ¾ ÌDà ¾ ÎXŽ

(303) )“

(304) ŽŒ ’ Œ Ž+–2 ”"š

(305) “‘Œ ‡

(306) #‘‘I‹6œ #‡>“

(307) dà ¾ ° à ¾ =Ä Å8á0â ­I®OÝ ¾  

(308) #‡Š

(309) ‹

(310) §D#•#Ž¨Œ ‘dŠ

(311) ‹#”D#‹#ˆŒ ãrßd¾+ÌD£ ¤ Î)äh¬kßd¾+ÌD£ ¥ ΗVåg“

(312) š

(313) ‘ŽŒ Ž“

(314) ŽŒ ‡

(315) ŸOßYÌ Ç Îš>–EŒ Ž‘ #²0Š‹g‘‘Œ ‡QŸ Œ œ#‘N†.ž.†‡† Ÿ #‹kæ ‘IÛ]ŽS”F ’ ’ M¡IŒ ‡

(316) Ÿˆ

(317) #•6Œ9‘Œ ‡Q‹“

(318) ’  ° çdèXé0êFëgê ìTíîgï"ð èjñ ˜|ž† ‡

(319) †Ÿ #‹IÛ]•R

(320) > ‘#‘IŽ.Š

(321) ‹0ˆ

(322) “•#ŽZŸ>>ˆ~¨qŒ ã ° ß ¾ ÌDà ¾ Î]¿. £ ¤ ÄRÅá>â £ ¥ Ä=Å8á>â äq¬ ©«ª ­I®OÝ$¾ ­I®OÝ$¾ É M¡#œ#‹k™Ždˆ

(323) #•#Œ ‘Œ  ‡OŒ ‘-‡ Ž-Ž‹Œ œ>Œ † ’X†‘-’  ‡Ÿ†‘-Žd‹#œ #‡>“

(324) #‘-† ‹d‡

(325) ŽIŒ ‡

(326) Œ ŽŒ † ’ ’9– Ÿ Œ œ#‡]—  

(327) Y‘† ’ Œ #‡>ŽU”D†•#Ž-Œ ‘SŽ

(328) †ŽUŽ

(329) 4Š

(330) ‹Œ •#4 ”T#† •RV•#ž.ž.>ˆ

(331) Œ Ž+–n©9† ‡ˆE•# ‡‘#±0“#‡>Ž’ – #† •RE‹#œ #‡>“

(332) ªTˆ

(333) #Š8#‡

(334) ˆ

(335) ‘) ‡yŒ Ž‘S†Ÿ Ÿ‹#Ÿ† Ž.‘“

(336) Š

(337) Š

(338) ’ –OŒ+— .‡y

(339) M¡òž.†‡0–Vž.† ‡

(340) †Ÿ #‹‘S†‹ #‡Ÿ †Ÿ #ˆŒ ‡2ŽUŠ

(341) ‹§D#•#Ž$‰—PåMYŒ ‡

(342) ˆ

(343) Œ œ>Œ ˆ“

(344) † ’Pˆ

(345) #•#Œ ‘Œ ‡2‡

(346) ##ˆ

(347) ‘Z¢

(348) ‹‘ŽZŽY†‡>ŽŒ •#Œ Š

(349) † ŽU Ž

(350) #‹‘ ž.† ‡† Ÿ6‹‘ æ•=

(351) Œ •#Y†‡

(352) ˆy‘#•6 ‡ˆyŽQ•# ž.Š

(353) “Ž.Ž

(354) .Š

(355) ‹>ˆ“

(356) •#ŽŒ9 ‡

(357) ¯p•6 ‡

(358) ‘“

(359) ž.Š

(360) ŽŒ  ‡y#±>“

(361) Œ ’ Œ š

(362) ¯ ‹Œ “žE—]óyd† ‘‘“

(363) ž.dŽ

(364) †ŽIŽdˆ

(365) Œ ‘Ž‹Œ š“ŽŒ  ‡O”ž.† ‡† Ÿ6‹‘kæj¨"ô-ôI˜Œ ‘I•# ž.ž. ‡O >‡

(366) M¡I’ ¯ #ˆŸ )Œ ‡Q† “

(367) Ž† ‹ 0–2† ‡ˆQŒ ‡Q”D‹#SŽ‹†ˆ

(368) S†‘N¡$#’ ’Ü—  6‡™Mž.†‡

(369) †Ÿ #‹‘]žd“‘Ž]Œ ‡

(370) •6’ “

(371) ˆ

(372) ZŽ

(373) Z‹Œ ‘ 0¯p†Mœ#‹‘Œ ‡Yˆ

(374) Œ ‘Ž‹Œ š“

(375) ŽŒ ‡Y”D“

(376) ‡

(377) •#ŽŒ9‡YŒ ‡Y‹ˆ6‹ Ž4† ‡0ŽŒ •#Œ Š† Ž-‹†ŽŒ  ‡† ’ ’ –Ž

(378) U‹#’ †ŽŒ œ UŠ

(379) ‹Œ •#U ”j•# žž.>ˆ

(380) Œ Ž+–.‰—  

(381) Œ ‘$Ÿ#‡

(382) #‹†’8#±>“

(383) Œ ’ Œ š

(384) ¯ ‹Œ “žõž.>ˆ

(385) #’"¡NŒ ŽE‹†ŽŒ  ‡† ’"#²>Š8#•#Ž† ŽŒ ‡VŒ ‘UŽ4‘†ž.4”F ‹U† ’ ’ž.† ‡

(386) †Ÿ 6‹‘k—NöZ“

(387) Ž ™

(388) Ž6Œ ‹ Š‹Œ •#)•# ‡>ŽŒ ‡Ÿ #‡>ŽNˆ

(389) #•#Œ ‘Œ ‡Q‘ŽŒ ’ ’j ‡

(390) ’ –2ˆ

(391) #Š8#‡ˆ

(392) ‘I ‡QŽ

(393) #Œ ‹Nk¡N‡~¨XôIôI˜B— ÷.

(394)  ü)ûdÿ

(395)   !#"$&%#')(*,+-(*.!/&,0 !1(3240 ,5(*367')(*,+8(*1 290:,5(*;+8<,/&5=290 !0:>(*24(*!&?;@')(*+-(

(396) A(*/&B0 &! CEDGFIH,J8KGJMLNFPOMFRQTSPKUOVWLRDULRXROMYPFLRYIOZ,YI[RSPOMJMSPOM\W]^YI[RV`_ \,_ [NFPa&D,JMYILRSP_bJYP_ FIcdLND,\WJ-K,[&[NFPOeSIK,O ZUYP[&\,H,JMSI_ [RDLRJMJM[NYP\,_ DUX<SP[<SIK,OM_ YOMf&ZgOMJMSIOM\YPOMhiLRYP\UFkjmlOMDUJMOQ,SIK,Oon,YPFISPprqgOMFISFP[Ns H,SI_ [RD K,OMD,JMO[ND,s at[RD=JM[RDUFPH,V;OYIFRuZ,YPOM]^OMYIOMD,JMOF@LND,\=_ F@D,[NS@LNv1OMJSPOM\=q&awVWLNDULRXNOMYku FxYP_ FIc ZUYPO]yOYIOMDUJMOFRjozeK,O;ZUYP[RZg[NYPSP_b[RD7{|[N]iVWLND,LNXNOYIFdJ8K,[&[RFI_ D,XxSIK,OWYI_ FIc aZ,YI[,}^OMJMS)_ FdSPKUOD OM~ HULRsiSP[ QSPKUO<SPLRFPSIO<[R]mJ[RD,FIH,VWOMYPFG]^[NYoSPK,O<YI_ FPc&a€JM[RVWVW[&\,_ SEaj@zeK,O<OM~&H,_ s _ qUYP_ H,V ZUYP_ JMOdYPOM,OMJMSPFmSIKUO)\,_ vgOMYPOMDUJOMFm_ DOMf Z1OMJMSPOM\xZ,YI[&\,H,JMSP_ ‚&_ SP_ OMFƒg„d ‡ „M„† ˆ j:‰U[RY{$ |hiO K,LT‚NOŠSPK,O)VWL f&_ VdH,V‹nUYPFISPpŒqgOMFISehOMs ]^LRY-OŠ]y[RYeSIK,OŠOMJM[RD,[RVoaj Ž  !"$&%;P!/&,0 !(240 ,5(*;!@')U +-| ‘ A(*,/&B0: ! CEDxL;JM[ND SIOf&Sm[R] _ D,DU[T‚TLRSI_ ‚ROdnUYPVWFRQ&h[RYPc&_ DUX;[NDxD,OhSIOMJ-KUD,[Rs [NXR_ OMFkQ&_ SeFIOMOMVWFmYIOLNFI[RD,p LNq,s OSI[7LRFIFIH,VWOSPK,LNS;V;LNYPcNOSIF;LNYPO_ D,JM[NVWZ,s OSPOj’CŒDw[NH,Y;V;[ \UOsQSPK,OMYIOx_bF;D,O_ SPKUOY VWLNYIcROMSIFe]y[RYmJM[RD&SP_ DUXROMD&SeXN[&[ \,FmD,[NYm_ D,FPHUYPLND,JMO)VWLRYIcROMSPFmD[NYmVWLRYIcROMSPFm]y[RYmFIOMJMHYI_ SP_ OMFRj “[RYIOM[T‚ROMY \,_ ‚NOMYPFI_ n,JMLNSP_ [RDG[R]UZ,YI[ \UH,JMSP_ [RDG_ F _ VWZ1[RFIFI_ q,s OjzeKU_ F J[RVWOMF ]yYP[NV”SPKUOiDUOMJMOMFPp FPLNYP_bs aŠ]yH,s s SI_ VWO_ D&‚N[Rs ‚NOMVWOMD&S[N],VWLRD,LNXROMYIF•_ DoFPHUJ-KoLRVoq,_ SI_ [RH,F SPOMJ-K,DU[Rs [NXR_ JMLRs&Z,YI[,}^OMJMSIFkj zmK,OMD QR_bD<FIH,J-K@LGJM[RD&SPOMf&S[R]_ D,JM[NVWZ,s OMSPOVWLNYPcNOMSPF]y[RYYI_ FPc

(397) VWLRD,LNXROMVWOMD&SkQNVWLND,LRXNOMYPFRu ZUYPOM]yOYIODUJMOMF[T‚NOMYiYP_ FIc;VWLNSPSIOY-–&j*—3_ SPKU[RH,S_ DUFPHUYPLND,JMOVWLRYPcNOSRQRSIK,OOM~&H,_ s _ q,YI_ H,V‹Z,YP_ JMO [N]SPKUOYP_bFPc a;JM[NVWVW[&\,_ SEa;VoH,FISqgOŠK,_ XNKUOYSI[GZYI[NVWZ,SYI_ FPc

(398) LT‚ROYIFPOŠVWLND,LNXNOMYPFSI[GqgOMLRY SIK,OM_ Ym_ \U_ [RFIa&D,JMYPLNSP_ JdYP_ FIc$˜ SPK,OdYP_ FIc@LT‚ROMYPFIO)VWLND,LRXNOMYPF_ D&‚R[Ns ‚ROM\_ DSPK,OdYI_ FPc&a@ZUYP[U}^OMJMS YPOMJMOM_ ‚ROeLŠYI_ FIcdZ,YPOMVW_ HUV`O~&HULRs,SP[)ƒN™Rš1›:œ)šžMzmK,OMDWVWLRYPcROMS:OM~&HU_ s _ q,YP_ HUV`VW[T‚NOMF:LThiLTa ]yYP[RVŸn,YPFISPprqgOMFIS•SI[FPOMJ[ND,\Up q1OMFPS OM~ HU_ s _ q,YP_ HUVj —.OD,[Th$\,OMFPJMYP_ q1OiSIK,OiZUYP[NZgOMYPSI_ OMF [R]USPK,_ F FPOMJM[ND,\Up qgOMFISeLRH,SILRYIc a<OM~&H,_ s _ qUYP_ HUV‹he_ SIK@_bD,JM[RVWZ,s OMSIOŠVWLNYPcNOMSPFRj ¡U¢ £g¢y¤¦¥o§¨¨©•ª,«U¬g¨*©«­•®;¯¨°­•©¨*¯P±,²³ «:© ® ø. ùhú2ûQügý6ü#þOÿTü6û. zeK,OWZ,YI[Rq,s OMV´LRV;[RH,D&SPF)SI[x_ \,OMD&SP_ ]^aSIK,OW~ H,[NSPLNSI_ [RD7{„)[N]iSPK,OWVWLND,LNXROMY)_ D,\,_ v1OMYPOMD&S qgOMSEhiOMODtSPK,OSEh[7Z,YP[U}^OMJMSkQµ; ¶-·g¸&¹ º™Rµ

(399) › ¶-·g¸&¹ j’»JJM[NYP\,_ DUX€SP[7SPKUO\,OJM_ FI_ [RDwYIH,s OQ VWLRDULRXNOYIF)K,LT‚&_ D,X@Lxsb[ThiOMY<¼½m½m»4SIK,LRD.¾e„)J-K,[&[NFPOWZ,YI[,}^OMJMSŠ¿

(400) j:¼[ND,FIOM~ HUOD SIs aQgSPK,O FPKULNYIOŠ[N]•Zg[NZ,H,s LRSI_ [RDxLRsbs [ JMLNSPOM\x_ DxSPKU_ Fe_bD,\,H,FISPYIa<_ FeOM~ H,LNsSI[;{„Nž zeK,OYIOMVoH,D,OMYPLNSP_ [RD<[R]*OLNJ-K<Z,YP[,}yOMJMS\,OZgOMD,\,Fi[ND

(401) SPK,OFIOMJMSP[RYI_ LRs1VWLRYIcROMShiLNXROj*»F hLNXNO)O~&H,LRs FmVWLNYIXR_ DULNs*Z,YP[&\,H,JMSI_ ‚ _bSŒa<_ Dx‚TLRsbH,OŠ_ DxOMLNJ8Kx_ D,\,H,FISPYIaQNhiO)K,LT‚RO µ  7š  LND\µ › $ƒ „ š ›UÀ KUODUJO µŠµ)›  ƒ š„ š1 › “LNYPcNOMSGZUYP_ JMOMFWOM~ H,LNSIO@\,OV;LND,\|SI[.FPH,ZUZ,s aQ•SIK,LRSW_ F;Á › ‹Â › žiÃÄ_ DUJOx[RD,s a|{ „ ™ s HUJ-c&a.V;LRD,LNXROMYPFoFPHUJJMOMOM\:Q*Z,YP[&\UH,JMSI_ [RD7[N]JM[NVWVW[&\,_ SEa.¿#_ FoÂ,›€ `{„-™Rš1›,j7ÅD$SPK,O ÆENJÈÉ ÊUËTÉrÊÌPÍ ÎrÊÏ Ð•ÑTÉrÒiÎ&ҍÓTÎrÔ ÕTÓTÍ Ï Ö:×*ËkÉ ÊØ ÊÉrÊÙTÌPÊUØ ÓkÙTÌÔ Í È8Ù:ÉrÊÎrÓTÏ Ô Í ÙTÚ*Ø ÉrÈ8ÒoÛŒØ ÈÉ ÊÜÄ×8ÒËTÏ Êkی×*Ý1ÊÍ Ú8ÞMÔ ß Í ÙkÚiÈØÏ ×É Ú8Ê:ÎrÞT×8ÉrÊÞkÈ8Ï ÖkÊÉ ÎËTÉ ÊPØ ÊPÉ ÊPÙTÌÊPÎ*È8É*Ò×8ÙT×Ú8ÊÉà ÎËTÉ ÊPØ ÊPÉ ÊPÙTÌÊÎ×8Î*áÄÓTÈ8ÔrÊÖÕMÐmâ&ã8ä É ÊPåÊæ ç8è ã é.

(402) ê,ëMìWíNîUê€ïIð ê,ë&ñíRòNòRóIëòNíRôIë;ê,ëMìWíNî,ê€õyöRód÷MöNìWì;ö êUð ôEøùúð ïdòNð ûRëMî7ü&øýgþ.ÿ ,ëMóPë íRòNòRóIëÄòRíRôPëŠ÷MöNî,ï ,ìWëMóeð î,÷MöNìWëŠð ï '(*)

(403) ÿ  !#"$ þ&% + öñ ô ,ë)ì;íR ó ,RëMôe.÷ - ëMíRóIð î,òWóI.ë - íNôPðbûR0ë /,óPð ÷Më)ð ï   4 5 1Šÿ  3 2  4 2 " þ 6 ,ëMïIë)ëMî,ê,öNòNëî,*ö ,ïmóI7ë - íNôPð öNî,ï Uð /,ï ,7ë - /xëMíN#÷ xì;íRê î,íN=@òR? ëMómôPö;÷öN8ì /& UôPë)ô ,ë)*í ,ôPíNó , ø ë.9: Uð - ð ü,óPð Uì‹íNî,êxôPöW#÷ ,ö&öRïIëŠü1ëMô  ëMëM;î /,óI&ö <^ëM÷ôeù”íRîU>. A!BDC1BECGFIHJKELDKEMONPKDJQSRLEL TVU#R&WXK TZY[T\Q]RZYXR&^1_`NPa8KDY[RJXW.RZNPb*c 6,RëM, ôkëñ õyö- - ö  ð îUòmë.9:, íRôIð öRî,ïð êUëî&ôPð õyøô , ëí*, ôIíRó&, øë.9d, ð - ð ü,óPð U ì  ð ô, ö* ,ôð î,ï ,óPíNî,÷MëìWíNóe 'ji) f  ÿhg0  l$m1n  " ÿ k þ 'jo) k þ ÿ  k 1  þ 'p*) k ! ÿ   4   'jq)  32  4 2 "*1þ 6 U ð ïr,/ óIöNü&- ëì ÷MöNìWëMïê,ö îôPö<÷MöNì8/!, ôPëGô, ëGûTí- , ëGöRõ  ñUô, íNôð ïŠô, ës1/ öRïIð ôPð öNî öNõô, ëð î,ê,ð 1t ëóIëMî ôì;íNî,íRòNëMóü1 ëMô  ëëMî

(404) ô, ëmô  öu,/ óPö&y< ëM÷MôPïíRî,ê

(405) ô, ëv,/ óPö*g/ öNóPôPð öNî;öNõìWíRî&e íNòNëóIïm÷$ ,ö&öNïPð î,ò;ù”íNï  ë.- -w? + ,ü,ïIôPð ô ,ôPð î,òyx5x{| z íNî,ê  ð î&ôIö;ô ,ë)ê,ëM÷ðbïPð öRîxó !- ë)òRð ûNëï " 4 4 "*   l$m5}O~  7€ ÿ '‚*) +ë.„:öŠ1/ ëMEƒëMíNô)÷M÷$ôI÷M ;íRíRôIìWî€ð öRíNî<ü1îUëWöNíRõòNïIëMëóIëMóë7î.b- ÷MíRíRôPõyî;ðóPû öNëI÷Mì öR,/ ì8óPí*ð /&/&÷ ,g/ërôIëM ëeî, ê,ô ,öRðj„ õë@÷M/,ú öRóIìWö&ôê&, ì; ,íNö ÷MôŠê,ôPë.ð ð öN9:ôEîWø;, íNöNù ôIõ1ð öNíNügîî,öNê<ô W' ‚ô, ÷) öNë , ì;íNìWïdíRòNö&íRëMî†ê,ïð ôP, ôð , î,ëMïRíRð 9dñTô , ô ,ë;ëeð -ïP-5óIö*íR,/ - , ôIóPð ôPëMöRð ûTöNî,íNîí*ð -- ? ð îug/ ëMóIð ö&ê;‡? 6 U ëMî ñëMíN÷$d ì;íRî,íRòRëMó•÷MíRîd÷#U ö&öRïIëð îug/ ëMóPð ö&êumˆ íN÷M ÷MöRóIê,ð î,òôPömô  U ëê,ëM÷Mð ïPð öNî ó &- ë ' ‡ ) ? ‰ î,ëm÷MíRî

(406) ûRëMóIð õ^øGôU íRôô , ë,/ óPö1/ öRóIôPð öRî

(407) öRõìWíNî,íRòNëMóPïð î;ð îUê&, ïPôIóPøGù=ð ïŠ- ö ëMóð î

(408) ô, ë íNü,ïIëMî,÷MëoöNõíg/ ëMóIõ^ë÷Môð î,ïU óPíNî,÷MëoìWíNóN, ëMô‹ E ‹Œ 4 I? U ð ò, ëMó  íRòNëoð ïóIë. 9d, ð óPëMêð î ð î,ê& UïPôPóIø

(409) ù”ôIö8/,óPöNì8/,ôeóIð ï,<íTûRëMóIïPë)ìWíRîUíRòNëóIïeôPöWëMî,òNíRòNëŠð îxô ,ë0 ,î,÷MëMóPôPíNð î@íN÷MôPð û&ð ôEøX? Ž ëMî,÷ëñ ô , ë)óIë7b- íRôIð ûNë)í*, ôIíNó, ø,/ óIð ÷Më)öRõ ÷MöNìWì;ö&ê,ð ôEø<ùŸð ï, ð ò*U ëóeðbîxô, ëdíNü,ïIëMî,÷Më)öNõ•í g/ ëMóIõ^ëM÷Môeð îUïU óPíNî,÷MëŠìWíNóN, ëMô@ 0  . z | ? ‚.

Références

Télécharger maintenant ( PDF - 18 Page - 722.28 KB )

Documents relatifs

Speckle noise spectrum at near-nadir incidence angles for a time-varying sea surface

the results presented in [3] where the speckle density spectrum in the along-track direction was found to be sensitive to the sea- surface conditions (decreasing with wind speed

Discrete-time mean field games with risk-averse agents

In this work, risk averse (with respect to their own noise) agents have been considered; investigating a mean field game model with common noise and risk averse agents would be

Optimal labor market policy with search frictions and risk-averse workers

In a …rst-best allocation of resources, unemployment bene…ts should provide perfect insurance against the unemployment risk, layo¤ taxes are necessary to induce employers to

Europe as a Risk Averse Power. A hypothesis

There is no composite index that would allow us to compare risk aversion between different actors (Europe versus the United States, for example). However, there are a certain number

Book Review: Iulius exclusus e coelis. Motive und Tendenzen gallikanischer und bibelhumanistischer Papstkritik im Umfeld des Erasmus : Iulius exclusus e coelis. Motive und Tendenzen gallikanischer und bibelhumanistischer Papstkritik im Umfeld des Erasmus.

The first part of his book features the Iulius as a purely Gallican pamphlet, the second is devoted to arguing the impossibility of Erasmus as author, and a third deals

Risk-averse Stochastic Nonlinear Model Predictive Control for Real-time Safety-critical Systems

This system determines proper ecological velocity profile to improve safety and the cruising range based on the road geometry, traffic speed limit zones, and the preceding ve-

Differential Impact of Uncertainty on Exporting Decision in Risk-averse and Risk-taking Firms

Further, the degree of the negative effect of uncertainty on the exporting decision of firms varies depending on whether firms are risk averse or risk taking

Predictive Automated Negotiators Employing Risk-Seeking and Risk-Averse Strategies

Roussaki, I., Papaioannou, I., &amp; Anagnostou, M.: Building Automated Negotiation Strategies Enhanced by MLP and GR Neural Networks for Opponent Agent Behaviour