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In this paper, we consider the problem of fair division of indivisible goods when the allocation of goods impacts society. Specifically, we introduce a second valuation function for each agent, determining the social impact of allocating a…

Computer Science and Game Theory · Computer Science 2024-12-20 Michele Flammini , Gianluigi Greco , Giovanna Varricchio

Gini index is a widely used measure of economic inequality. This article develops a general theory for constructing a confidence interval for Gini index with a specified confidence coefficient and a specified width. Fixed sample size…

Methodology · Statistics 2017-09-21 Bhargab Chattopadhyay , Shyamal Krishna De

The paper covers the new model of wage distribution in typical group of people. The model provides the opportunity to reparameterize applicable income distribution model: Pareto, logarithmically normal, logarithmically logistic, Dagum etc.…

General Finance · Quantitative Finance 2013-09-17 Dmitry Schmerling

This article is a supplement to my main contribution to the Routledge Handbook of Complexity Economics (2023). On the basis of three recent papers, it presents an unconventional perspective on economic inequality from a statistical physics…

General Economics · Economics 2023-07-06 Victor M. Yakovenko

How does one allocate a collection of resources to a set of strategic agents in a fair and efficient manner without using money? For in many scenarios it is not feasible to use money to compensate agents for otherwise unsatisfactory…

Computer Science and Game Theory · Computer Science 2012-07-10 Richard Cole , Vasilis Gkatzelis , Gagan Goel

Statistical evaluations of the economic mobility of a society are more difficult than measurements of the income distribution, because they require to follow the evolution of the individuals' income for at least one or two generations. In…

Economics · Quantitative Finance 2016-11-01 Maria Letizia Bertotti , Giovanni Modanese

Discrimination via algorithmic decision making has received considerable attention. Prior work largely focuses on defining conditions for fairness, but does not define satisfactory measures of algorithmic unfairness. In this paper, we focus…

Behavioural economists have shown that people are often averse to inequality and will make choices to avoid unequal outcomes. In this paper, we consider how to allocate indivisible goods fairly so as to minimize inequality. We consider how…

Computer Science and Game Theory · Computer Science 2018-10-15 Martin Aleksandrov , Cunjing Ge , Toby Walsh

We formulate a flexible micro-to-macro kinetic model which is able to explain the emergence of income profiles out of a whole of individual economic interactions. The model is expressed by a system of several nonlinear differential…

Economics · Quantitative Finance 2016-11-28 Maria Letizia Bertotti , Giovanni Modanese

In prediction-based decision-making systems, different perspectives can be at odds: The short-term business goals of the decision makers are often in conflict with the decision subjects' wish to be treated fairly. Balancing these two…

Computers and Society · Computer Science 2023-05-03 Corinna Hertweck , Joachim Baumann , Michele Loi , Eleonora Viganò , Christoph Heitz

Fair division is a significant, long-standing problem and is closely related to social and economic justice. The conventional division methods such as cut-and-choose are hardly applicable to realworld problems because of their complexity…

General Economics · Economics 2021-11-05 Ji-Won Park , Jaeup U. Kim , Cheol-Min Ghim , Chae Un Kim

The demographic disparity of biometric systems has led to serious concerns regarding their societal impact as well as applicability of such systems in private and public domains. A quantitative evaluation of demographic fairness is an…

Computer Vision and Pattern Recognition · Computer Science 2023-06-21 Ketan Kotwal , Sebastien Marcel

In this paper, we propose a novel fairness framework grounded in the concept of happiness, a measure of the utility each group gains fromdecisionoutcomes. Bycapturingfairness through this intuitive lens, we not only offer a more…

Machine Learning · Computer Science 2025-11-04 Georg Pichler , Marco Romanelli , Pablo Piantanida

Machine learning systems have been shown to propagate the societal errors of the past. In light of this, a wealth of research focuses on designing solutions that are "fair." Even with this abundance of work, there is no singular definition…

Machine Learning · Computer Science 2020-05-18 Ninareh Mehrabi , Yuzhong Huang , Fred Morstatter

In the field of algorithmic fairness, many fairness criteria have been proposed. Oftentimes, their proposal is only accompanied by a loose link to ideas from moral philosophy -- which makes it difficult to understand when the proposed…

Computers and Society · Computer Science 2024-07-18 Corinna Hertweck , Christoph Heitz , Michele Loi

This paper presents findings from a web-experiment on a representative sample of the French population. It examines the acceptability of the Pigou-Dalton principle of transfers, which posits that transferring income from an individual to a…

General Economics · Economics 2024-11-14 Gaëlle Aymeric , Brice Magdalou

We introduce a family of normative principles to assess fairness in the context of participatory budgeting. These principles are based on the fundamental idea that budget allocations should be fair in terms of the resources invested into…

Computer Science and Game Theory · Computer Science 2023-02-21 Jan Maly , Simon Rey , Ulle Endriss , Martin Lackner

This paper proposes the k-generalized distribution as a model for describing the distribution and dispersion of income within a population. Formulas for the shape, moments and standard tools for inequality measurement - such as the Lorenz…

General Finance · Quantitative Finance 2009-01-31 F. Clementi , T. Di Matteo , M. Gallegati , G. Kaniadakis

A country's mix of products predicts its subsequent pattern of diversification and economic growth. But does this product mix also predict income inequality? Here we combine methods from econometrics, network science, and economic…

Economics · Quantitative Finance 2017-01-31 D. Hartmann , M. R. Guevara , C. Jara-Figueroa , M. Aristaran , C. A. Hidalgo

Social inequality is a topic of interest since ages, and has attracted researchers across disciplines to ponder over it origin, manifestation, characteristics, consequences, and finally, the question of how to cope with it. It is manifested…

Physics and Society · Physics 2015-09-30 Arnab Chatterjee , Asim Ghosh , Jun-ichi Inoue , Bikas K. Chakrabarti