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v. t. e. The Herfindahl index (also known as Herfindahl–Hirschman Index, HHI, or sometimes HHI-score) is a measure of the size of firms in relation to the industry they are in and is an indicator of the amount of competition among them. Named after economists Orris C. Herfindahl and Albert O. Hirschman, it is an economic concept widely ...
Joseph Eugene Stiglitz (/ ˈ s t ɪ ɡ l ɪ t s /; born February 9, 1943) is an American New Keynesian economist, [2] a public policy analyst, political activist, and a full professor at Columbia University.
Information Rules is a 1999 book by Carl Shapiro and Hal Varian applying traditional economic theories to modern information-based technologies. The book examines commercial strategies appropriate to companies that deal in information, given the high "first copy" and low "subsequent copy" costs of information commodities, such as music CDs or original texts.
The Price Sensitivity Meter (PSM) is a market technique for determining consumer price preferences. It was introduced in 1976 by Dutch economist Peter van Westendorp. The technique has been used by a wide variety of researchers in the market research industry. The PSM approach has been a staple technique for addressing pricing issues for the ...
In a discrete (i.e. finite state) market, the following hold: [2] The First Fundamental Theorem of Asset Pricing: A discrete market on a discrete probability space (,,) is arbitrage-free if, and only if, there exists at least one risk neutral probability measure that is equivalent to the original probability measure, P.
In economics, market concentration is a function of the number of firms and their respective shares of the total production (alternatively, total capacity or total reserves) in a market. [ 1] Market concentration is the portion of a given market's market share that is held by a small number of businesses. To ascertain whether an industry [ 2 ...
Hendrickson logo. Hendrickson Holdings, L.L.C. is a privately held American holding company located in Woodridge, Illinois which, through its subsidiaries, designs and manufactures medium- and heavy-duty mechanical, elastomeric and air suspensions; integrated and non-integrated axle and brakes systems; tire pressure control systems; auxiliary lift axle systems; parabolic and multi-leaf springs ...
Market impact cost is a measure of market liquidity that reflects the cost faced by a trader of an index or security. [1] The market impact cost is measured in the chosen numeraire of the market, and is how much additionally a trader must pay over the initial price due to market slippage, i.e. the cost incurred because the transaction itself changed the price of the asset. [2]