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outside option

Slovak translation: najlepšia alternatíva

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:outside option
Slovak translation:najlepšia alternatíva
Entered by: igorisko
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11:28 Oct 24, 2013
English to Slovak translations [PRO]
Marketing - Retail
English term or phrase: outside option
As in"Since the negotiation takes place in a Nash bargaining framework and the retailer contracts in this case with the independent firm, the outside option of the retailer, if no agreement is reached with the NB manufacturer, is positive."

and

"The profit he will generate this way will constitute his outside option when he negotiates on NB tariffs with the manufacturer."

Thanx alot.
igorisko
Slovakia
Local time: 19:06
najlepšia alternatíva
Explanation:
Na viacerých miestach to definujú ako „the next best alternative", niekde to bolo aj ako workable alternative.

The buyers' and sellers' outside option is defined as their next best alternative, should they choose not to trade with each other.
http://books.google.sk/books?id=bnJFVVIK7UoC&pg=PA132&lpg=PA...

As for the air-travel decision itself, the benefit from the consumer’s “outside option” (the next best alternative) must be considered.
http://www.economics.uci.edu/files/economics/docs/workingpap...

Participační omezení znamená, že očekávaný užitek agenta ze vztahu s principálem, určený tím, jaké úsilí agent vyvine (jeho náklady) a jakou odměnu na základě toho zřejmě získá (jeho výnosy), musí být alespoň takový, jaký nabízí nejlepší alternativa (outside option).
http://cepin.cz/cze/prednaska.php?ID=658

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Note added at 4 hrs (2013-10-24 16:27:45 GMT)
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Kvôli jednoznačnosti prípadne aj „najlepšia alternatívna možnosť“, aj keď z kontextu by aj tá kratšia verzia mala byť dostatočne jednoznačná.
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Tomas Foltyn
Slovakia
Local time: 19:06
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4najlepšia alternatíva
Tomas Foltyn


  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
najlepšia alternatíva


Explanation:
Na viacerých miestach to definujú ako „the next best alternative", niekde to bolo aj ako workable alternative.

The buyers' and sellers' outside option is defined as their next best alternative, should they choose not to trade with each other.
http://books.google.sk/books?id=bnJFVVIK7UoC&pg=PA132&lpg=PA...

As for the air-travel decision itself, the benefit from the consumer’s “outside option” (the next best alternative) must be considered.
http://www.economics.uci.edu/files/economics/docs/workingpap...

Participační omezení znamená, že očekávaný užitek agenta ze vztahu s principálem, určený tím, jaké úsilí agent vyvine (jeho náklady) a jakou odměnu na základě toho zřejmě získá (jeho výnosy), musí být alespoň takový, jaký nabízí nejlepší alternativa (outside option).
http://cepin.cz/cze/prednaska.php?ID=658

--------------------------------------------------
Note added at 4 hrs (2013-10-24 16:27:45 GMT)
--------------------------------------------------

Kvôli jednoznačnosti prípadne aj „najlepšia alternatívna možnosť“, aj keď z kontextu by aj tá kratšia verzia mala byť dostatočne jednoznačná.


    Reference: http://www-bcf.usc.edu/~yongxiaw/CR_03212013__AJEedited.pdf
Tomas Foltyn
Slovakia
Local time: 19:06
Native speaker of: Slovak
PRO pts in category: 8
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