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dive-bidding

Spanish translation: selección adversa

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:dive-bidding
Spanish translation:selección adversa
Entered by: Carolina Garrido
Options:
- Contribute to this entry
- Include in personal glossary

03:09 Nov 7, 2003
English to Spanish translations [PRO]
Bus/Financial
English term or phrase: dive-bidding
There must be an end to the practice of offering lowest price in the tender process then attempting to alter the deal to suit its financial interests after the contract is awarded. This is a process known as ‘dive-bidding’.
Carolina Garrido
United States
Local time: 16:59
selección adversa
Explanation:
Un cordial saludo, Carolina.

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Note added at 2003-11-07 03:29:34 (GMT)
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\"Second, the **winning bid** may be based on incomplete or incorrect information, unjustified optimism, poor analysis, or dishonesty, a problem that economists call **“adverse selection.”** That is, the firm that gains control over basic infrastructure may do so through ignorance or deception. Less attractive bids are likely to come from firms with more experience and understanding of risk. In this regard, the sober realism required for operating a complex utility can become a justification for rejection.

The consequences of **adverse selection (sometimes called “dive bidding”)** can be disastrous for developing countries, leading to significantly higher prices and/or more limited services than those made explicit in initial contracts\".

www.servicesforall.org/html/tools/ Policy_Analysis_Series_2_
print.shtml
¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨
En función de cuándo se origina la asimetría de información entre las parte que intervienen en la transacción —principal (contratante) y agente (contratado)— encontramos diferentes tipos de modelos:
(1) riesgo moral (moral hazard) cuando la información asimétrica se produce tras la firma del contrato.
(2) **selección adversa (adverse selection)**cuando antes de la firma, el agente dispone de más información que el principal.
(3) señalización (signaling) cuando la parte informada trata de anunciar información privada a través de su comportamiento antes de establecer el acuerdo\".


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Note added at 2003-11-07 03:32:08 (GMT)
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www.mcyt.es/asp/publicaciones/ revista/num339/07-339.pdf
¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨
SELECCIÓN ADVERSA

English:
Adverse selection
Categorías:
06.05.03
Nota de Alcance:

\"**Proceso**que ocurre cuando a individuos con riesgos previstos diferentes, se les cobra la misma prima de seguro, razón por la cual aquellos con pérdidas previstas bajas abandonan el grupo de asegurados, dejando solo a individuos con riesgos previstos elevados. La selección adversa puede dificultar el mantenimientode mercados de seguros privados (The Health Sector Reform and Sustainable Financing Flagship Program. World Bank\'s Economic Development Institute)\".

www.americas.health-sector-reform.org/ spanish/00001781.htm


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Note added at 2003-11-07 03:42:53 (GMT) Post-grading
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Gracias a tí, Carolina.
:)
Selected response from:

xxxdawn39
Grading comment
Gracias. Saludos para vos también!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4selección adversaxxxdawn39


  

Answers


11 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
selección adversa


Explanation:
Un cordial saludo, Carolina.

--------------------------------------------------
Note added at 2003-11-07 03:29:34 (GMT)
--------------------------------------------------

\"Second, the **winning bid** may be based on incomplete or incorrect information, unjustified optimism, poor analysis, or dishonesty, a problem that economists call **“adverse selection.”** That is, the firm that gains control over basic infrastructure may do so through ignorance or deception. Less attractive bids are likely to come from firms with more experience and understanding of risk. In this regard, the sober realism required for operating a complex utility can become a justification for rejection.

The consequences of **adverse selection (sometimes called “dive bidding”)** can be disastrous for developing countries, leading to significantly higher prices and/or more limited services than those made explicit in initial contracts\".

www.servicesforall.org/html/tools/ Policy_Analysis_Series_2_
print.shtml
¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨
En función de cuándo se origina la asimetría de información entre las parte que intervienen en la transacción —principal (contratante) y agente (contratado)— encontramos diferentes tipos de modelos:
(1) riesgo moral (moral hazard) cuando la información asimétrica se produce tras la firma del contrato.
(2) **selección adversa (adverse selection)**cuando antes de la firma, el agente dispone de más información que el principal.
(3) señalización (signaling) cuando la parte informada trata de anunciar información privada a través de su comportamiento antes de establecer el acuerdo\".


--------------------------------------------------
Note added at 2003-11-07 03:32:08 (GMT)
--------------------------------------------------

www.mcyt.es/asp/publicaciones/ revista/num339/07-339.pdf
¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨
SELECCIÓN ADVERSA

English:
Adverse selection
Categorías:
06.05.03
Nota de Alcance:

\"**Proceso**que ocurre cuando a individuos con riesgos previstos diferentes, se les cobra la misma prima de seguro, razón por la cual aquellos con pérdidas previstas bajas abandonan el grupo de asegurados, dejando solo a individuos con riesgos previstos elevados. La selección adversa puede dificultar el mantenimientode mercados de seguros privados (The Health Sector Reform and Sustainable Financing Flagship Program. World Bank\'s Economic Development Institute)\".

www.americas.health-sector-reform.org/ spanish/00001781.htm


--------------------------------------------------
Note added at 2003-11-07 03:42:53 (GMT) Post-grading
--------------------------------------------------

Gracias a tí, Carolina.
:)

xxxdawn39
Native speaker of: Native in SpanishSpanish
PRO pts in pair: 1846
Grading comment
Gracias. Saludos para vos también!
Login to enter a peer comment (or grade)




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