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The excessive compensation packages of CEOs of U.S. corporations in recent years have brought to the foreground the issue of fairness in economics. The conventional wisdom is that the free market for labor, which determines the pay…

General Finance · Quantitative Finance 2010-06-24 Venkat Venkatasubramanian

The widening inequality in income distribution in recent years, and the associated excessive pay packages of CEOs in the U.S. and elsewhere, is of growing concern among policy makers as well as the common person. However, there seems to be…

Economics · Quantitative Finance 2014-11-13 Venkat Venkatasubramanian , Yu Luo , Jay Sethuraman

The allocation of resources among multiple agents is a fundamental problem in both economics and computer science. In these settings, fairness plays a crucial role in ensuring social acceptability and practical implementation of resource…

Computer Science and Game Theory · Computer Science 2025-06-11 Hadi Hosseini , Joshua Kavner , Samarth Khanna , Sujoy Sikdar , Lirong Xia

Software practitioners discuss problems at work with peers, in-person and online. These discussions can be technical (e.g., how to fix a bug?) and social (e.g., how to assign work fairly?). While there is a growing body of knowledge…

Software Engineering · Computer Science 2024-08-05 Emeralda Sesari , Federica Sarro , Ayushi Rastogi

Envy is a rather complex and irrational emotion. In general, it is very difficult to obtain a measure of this feeling, but in an economical context envy becomes an observable which can be measured. When various individuals compare their…

Physics and Society · Physics 2009-11-11 Elena Ramirez Barrios , J. G. Diaz Ochoa , Johannes J. Schneider

Algorithmic fairness for artificial intelligence has become increasingly relevant as these systems become more pervasive in society. One realm of AI, recommender systems, presents unique challenges for fairness due to trade offs between…

Information Retrieval · Computer Science 2020-04-21 Jessie Smith , Nasim Sonboli , Casey Fiesler , Robin Burke

Organizations are rapidly deploying artificial intelligence (AI) systems to manage their workers. However, AI has been found at times to be unfair to workers. Unfairness toward workers has been associated with decreased worker effort and…

Human-Computer Interaction · Computer Science 2020-02-24 Lionel P. Robert , Casey Pierce , Liz Morris , Sangmi Kim , Rasha Alahmad

Fairness-aware recommender systems that have a provider-side fairness concern seek to ensure that protected group(s) of providers have a fair opportunity to promote their items or products. There is a ``cost of fairness'' borne by the…

Information Retrieval · Computer Science 2022-09-12 Paresha Farastu , Nicholas Mattei , Robin Burke

Concern about income inequality has become prominent in public discourse around the world. However, studies in behavioral economics and psychology have consistently shown that people prefer not equal but fair income distributions. Thus,…

General Economics · Economics 2022-09-13 Thitithep Sitthiyot , Kanyarat Holasut

We introduce a novel framework that considers how a firm could fairly compensate its workers. A firm has a group of workers, each of whom has varying productivities over a set of tasks. After assigning workers to tasks, the firm must then…

Theoretical Economics · Economics 2022-05-04 John E. Stovall

We introduce a new survey of professors at roughly 150 of the most research-intensive institutions of higher education in the US. We document seven new features of how research-active professors are compensated, how they spend their time,…

General Economics · Economics 2023-12-05 Kyle R. Myers , Wei Yang Tham , Jerry Thursby , Marie Thursby , Nina Cohodes , Karim Lakhani , Rachel Mural , Yilun Xu

Existing efforts to formulate computational definitions of fairness have largely focused on distributional notions of equality, where equality is defined by the resources or decisions given to individuals in the system. Yet existing…

Computers and Society · Computer Science 2022-09-14 Benjamin Fish , Luke Stark

We study the fair division of a continuous resource, such as a land-estate or a time-interval, among pre-specified groups of agents, such as families. Each family is given a piece of the resource and this piece is used simultaneously by all…

Computer Science and Game Theory · Computer Science 2020-10-26 Erel Segal-Halevi , Shmuel Nitzan

Recommender systems are an essential tool to relieve the information overload challenge and play an important role in people's daily lives. Since recommendations involve allocations of social resources (e.g., job recommendation), an…

Information Retrieval · Computer Science 2022-07-12 Yifan Wang , Weizhi Ma , Min Zhang , Yiqun Liu , Shaoping Ma

This paper proposes a theory of pricing premised upon the assumptions that customers dislike unfair prices---those marked up steeply over cost---and that firms take these concerns into account when setting prices. Since they do not observe…

Theoretical Economics · Economics 2021-06-15 Erik Eyster , Kristof Madarasz , Pascal Michaillat

Mounting evidences are being gathered suggesting that income and wealth distribution in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium, but also deviating…

Physics and Society · Physics 2008-12-02 Arnab Chatterjee , Sitabhra Sinha , Bikas K. Chakrabarti

High performance machine learning models have become highly dependent on the availability of large quantity and quality of training data. To achieve this, various central agencies such as the government have suggested for different data…

Machine Learning · Computer Science 2019-11-27 Zhiliang Chen

Inheritances, divorces or liquidations of companies require common assets to be divided among the entitled parties. Legal methods usually consider the market value of goods, while fair division theory takes into account the parties'…

Computer Science and Game Theory · Computer Science 2023-05-10 Marco Dall'Aglio

Ranking and scoring are ubiquitous. We consider the setting in which an institution, called a ranker, evaluates a set of individuals based on demographic, behavioral or other characteristics. The final output is a ranking that represents…

Databases · Computer Science 2016-10-28 Ke Yang , Julia Stoyanovich

What does it mean for a machine learning model to be `fair', in terms which can be operationalised? Should fairness consist of ensuring everyone has an equal probability of obtaining some benefit, or should we aim instead to minimise the…

Computers and Society · Computer Science 2021-03-24 Reuben Binns
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