Finances, in the Light of Utility and Equity Criteria

Abstract

This article intends to present tendencies in the regional industry and specialisation in Romania during the transition period. The authors present the main tendencies in the analysis of concentration and specialisation and industry developments by electoral cycles as well. An econometric model for the analysis in time of concentration and specialisation in Romania during the transition period is also presented.

Keywords

• utility
• equity
• preference for risk
• risk-averse