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Nutzenniveau

English translation: utility level/level of utility


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16:56 May 4, 2011
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: Nutzenniveau
Part of a glossary entry on the principal-agent theory:

"Um Aufgaben nicht selbst zu erledigen, überträgt der Prinzipal Aufgaben und Entscheidungskompetenzen auf den Agenten. Die Handlungen des Agenten beeinflussen daher nicht nur sein eigenes Nutzenniveau, sondern auch das des Prinzipals. Ziel des Ansatzes ist es, durch ein Arragement von richtig gesetzten Anreizen, den Agenten dazu zu bewegen, im Interesse seines Prinzipals zu handeln. Da die Interessen des Prinzipals meist denen des Agenten entgegenstehen, bedarf es gezielter Anreizmechanismen, wie z.B. die performanceorientierte Bezahlung von Managern..."
Heather Ferlicchia
Germany
Local time: 10:41
English translation:utility level/level of utility
Explanation:
#
[PDF]
The Principal-Agent Model with a Continuum of Constraints ...
497k - Adobe PDF
When a principal hires an agent to manage a firm, she might face two problems: the ... scheme that maximizes the principal's utility subject to two constraints: the individual ...
www.angelfire.com/id/SergioDaSilva/principalagent.pdf
#
[PDF]
Chapter 3 The principal-agent problem
185k - Adobe PDF
The principal-agent problem describes a class of interactions between two ... The agent's utility depends on both the action chosen and the consump ...
warwick.ac.uk/fac/soc/.../3rd/ec334/details/finchap03.pdf
#
Selected response from:

AllegroTrans
United Kingdom
Local time: 09:41
Grading comment
Thank you!
4 KudoZ points were awarded for this answer



Summary of answers provided
4level of benefitsBruce Campbell
3utility level/level of utility
AllegroTrans


  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
level of benefits


Explanation:
I think that a somewhat literal translation would be appropriate here, something along the lines of:

"The agent's actions therefore affect not only the level of benefits that he enjoys, but also those of the principal."

Bruce Campbell
Local time: 04:41
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 6
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4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
utility level/level of utility


Explanation:
#
[PDF]
The Principal-Agent Model with a Continuum of Constraints ...
497k - Adobe PDF
When a principal hires an agent to manage a firm, she might face two problems: the ... scheme that maximizes the principal's utility subject to two constraints: the individual ...
www.angelfire.com/id/SergioDaSilva/principalagent.pdf
#
[PDF]
Chapter 3 The principal-agent problem
185k - Adobe PDF
The principal-agent problem describes a class of interactions between two ... The agent's utility depends on both the action chosen and the consump ...
warwick.ac.uk/fac/soc/.../3rd/ec334/details/finchap03.pdf
#


AllegroTrans
United Kingdom
Local time: 09:41
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thank you!

Peer comments on this answer (and responses from the answerer)
neutral  Bruce Campbell: Good point. The terminology depends on whether we are dealing with an academic or business text.
6 hrs
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