Albert O. Hirschman

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Albert O. Hirschman

German economist

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Herfindahl-Hirschman index
Herfindahl and the German economist Albert O. Hirschman, it is based on the following formula:HHI = s₁² + s₂² + ⋯ + s_n²where n is the number of firms in the market and s_n denotes the market share of the nth firm. Higher values of the index indicate…
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Herfindahl and the German economist Albert O. Hirschman, it is based on the following formula:HHI = s₁² + s₂² + ⋯ + s_n²where n is the number of firms in the market and s_n denotes the market share of the nth firm. Higher values of the index indicate…
Read More