Gorman polar form: Difference between revisions

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== Application ==

Many applications of Gorman polar form are summarized in various texts and in Honohan and Neary's article.<ref>{{cite journal |last=Honohan |first=Patrick |authorlink=J. Peter Neary |last2=Neary |first2=J. Peter |title=W. M. Gorman (1923–2003) |journal=The Economic and Social Review |volume=34 |issue=2 |year=2003 |pages=195–209 |url=http://www.esr.ie/Vol34_2Neary.pdf |deadurlurl-status=yesdead |archiveurl=https://web.archive.org/web/20050110001924/http://www.esr.ie/Vol34_2Neary.pdf |archivedate=2005-01-10 |df= }}</ref> These applications include the ease of estimation of <math>f^i(p)</math> and <math>g(p)</math> in certain cases. But the most important application is for the theorist of economics, in that it allows a researcher to treat a society of utility-maximizing individuals as a single individual. In other words, under these conditions a community [[indifference curve|indifference mapping]] is guaranteed to exist.

== See also ==