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Line 1: '''Gorman polar form''' is a [[functional form]] for [[indirect utility function]]s 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 agent\|'representative' individual]]. [[W. M. Gorman]] showed that having the [[function (mathematics)\|function]] take Gorman polar form is both a [[necessary and sufficient]] for this condition to hold. == Motivation ==

Gorman polar form: Difference between revisions