Gorman Polar Form

Gorman polar form is a functional form for indirect utility functions in economics. Imposing this form on utility allows the researcher to treat a society of utility-maximizers as if it consisted of a single 'representative' individual. W. M. Gorman showed that having the function take Gorman polar form is both necessary and sufficient for this condition to hold.

Read more about Gorman Polar Form:  Motivation, Definition, Proof of Linearity and Equality of Slope of Engel Curves, Application

Famous quotes containing the words gorman, polar and/or form:

    I can’t remember what I was doing before running. I guess shopping, sewing, watching TV—gaining nothing.
    —Miki Gorman (b. 1935)

    Professor Fate: My apologies. There’s a polar bear in our car.
    Arthur Ross. Professor Fate (Jack Lemmon)

    Our ability to fall in love requires enough comfort with our masculinity to join it with someone’s femininity and feel enhanced. . . . If our mother made us feel secure and proud in our masculinity, then we want to find that again in our wife. If we are really comfortable with our mother, we can even marry a woman who is a friend rather than an adversary, and form a true partnership.
    Frank Pittman (20th century)