Herfindah Index

Finance and Economics 3239 09/07/2023 1065 Oliver

The Heisman Trophy is an award that is annually presented to the outstanding college football player of the year in the United States. Named for sportswriter John Heisman, the trophy is an icon of American sport and is one of the greatest honors any college athlete can receive. The trophy was est......

The Heisman Trophy is an award that is annually presented to the outstanding college football player of the year in the United States. Named for sportswriter John Heisman, the trophy is an icon of American sport and is one of the greatest honors any college athlete can receive.

The trophy was established in 1935 and has been presented each year since to the top player in the college football season. The awardees are chosen based on performance both on and off the field. Factors such as individual performance, team success, and character are taken into account when selecting a winner.

The Heisman Trophy is awarded by the Heisman Trust, which consists of members of the Downtown Athletic Club of New York, or DAC. The DAC was founded in 1930 and is the oldest athletic club in the US. It was at DAC that the Heisman Trophy was created and awarded for the first time.

The Heisman Trophy is an iconic bronze figure of a football player making a stiff-armed run. It stands at 34 inches high and weighs 25 pounds. It was designed by sculptor Frank Eliscu, who modeled the figure after 1935 New York University player Ed Smith. The trophy is supported by a football on a pyramid-shaped base and a sculpted stone base.

The Heisman Trust has established certain rules for eligibility for the award. The contenders must have completed half of their teams scheduled games, have Senior status and, of course, have outstanding on-field performance.

To further honor their achievements, each year the Heisman Trust chooses a number of players to be semifinalists. The semifinalists are chosen by regional representatives who follow the season and vote on players within their region. Once the semifinalists are chosen, the Trust then chooses the finalists.

The Heisman Trust then invites all of the finalists and their families to New York City to attend an award presentation at the annual Heisman Trophy Dinner. Before the award is officially given, the finalists are allowed to make a speech and are introduced to the audience. The winners name is usually a surprise, but usually the players know beforehand who will win.

Once the winner is announced, the trophy is presented by the Trust in front of the audience and the winner is given the opportunity to speak. The presentation always includes five original Heisman statues, which are taken along for the awarding ceremony.

The trophy is one of the most prestigiously honored and recognizable athletic awards in the world. Winning the Heisman Trophy is considered an honor that gives the recipient national recognition and is a treasured lifetime accomplishment.

The Heisman Trophy serves as an inspiration for young, aspiring athletes and provides an invaluable example of the rewards that can come through hard work, dedication, and exemplary conduct.

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Finance and Economics 3239 2023-07-09 1065 LuminateBlue

The Herfindahl-Hirschman Index (HHI) is a measure of market concentration derived from the sum of the squared market shares of all firms in a market. The purpose of the HHI is to determine the degree of market concentration for a firm or industry. The HHI is calculated by taking the sum of indivi......

The Herfindahl-Hirschman Index (HHI) is a measure of market concentration derived from the sum of the squared market shares of all firms in a market. The purpose of the HHI is to determine the degree of market concentration for a firm or industry.

The HHI is calculated by taking the sum of individual firm market share values squared and then dividing by the total market size. For example, an industry with three firms that has a 70% market share for Firm A, 20% for Firm B, and 10% for Firm C, the resulting HHI would be:

(0.7 x 0.7) + (0.2 x 0.2) + (0.1 x 0.1) = 0.49

The index can range from 0 to 10,000. The lower end of the index, 0 to 1,000, indicates a market is competitive and dominated by many different firms. Conversely, the higher end of the index, 10,000 indicates a market is a monopoly, largely dominated by one single firm.

The HHI is used by governments and regulatory authorities to determine whether markets are competitive. Antitrust authorities and regulatory authorities may use the HHI to evaluate mergers and acquisitions and how they may affect the competitive landscape of an industry. Furthermore, the HHI can be used to identify industries that may need further investigation and enforcement of competition regulations.

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