The boson-fermion model, describing a mixture of tightly bound electro
n pairs and quasifree electrons hybridized with each other via a charg
e exchange term, is studied in the limit of infinite dimensions using
the noncrossing approximation within the dynamical mean field theory.
It is shown that a metal-insulator crossover, driven by strong pair fl
uctuations, takes place as the temperature is lowered. It manifests it
self in the opening of a pseudogap in the electron density of states,
accompanied by a corresponding effect in the optical and the de conduc
tivity. [S0031-9007(98)07175-0].