Gorman polar form: Difference between revisions

Revision as of 02:19, 25 October 2017

Revision as of 23:51, 19 December 2017

Line 53:

The indirect utility function has the form:

::<math>v(p, m_i) = v(p)\cdot m</math>

which is also a special casescase of the Gorman form.

Particularly: linear, Leontief and Cobb-Douglas utilities are homothetic and thus have the Gorman form.