Furman, EdwardWang, RuodoZitikis, Ricardas2017-12-192017-12-192017-10-01https://doi.org/10.1016/j.jbankfin.2017.06.013http://hdl.handle.net/10012/12760The final publication is available at Elsevier via http://dx.doi.org/10.1016/j.jbankfin.2017.06.013 © 2017. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/We introduce and explore Gini-type measures of risk and variability, and develop the corresponding economic capital allocation rules. The new measures are coherent, additive for co-monotonic risks, convenient computationally, and require only finiteness of the mean. To elucidate our theoretical considerations, we derive closed-form expressions for several parametric families of distributions that are of interest in insurance and finance, and further apply our findings to a risk portfolio of a bancassurance company.enAttribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/Choquet integralGini capital allocationGini shortfallRisk measureVariability measureArticle