Quantum interference is observed using femtosecond parametric down-conversi
on in the absence of spectral filtering of the down-converted light. The we
ll-known symmetric dip observed in cw polarization-interferometry experimen
ts becomes less pronounced and substantially asymmetric under such pulsed e
xcitation. We show that this asymmetry arises from the partial distinguisha
bility of contributions from space-time segments within the down-conversion
crystal. We develop a theory that achieves agreement with experiment by co
herently adding intrasegment contributions while incoherently adding inters
egment contributions.