LECG Corporation

About: LECG Corporation is a based out in . It is known for research contribution in the topics: Competition (economics) & Investment (macroeconomics). The organization has 111 authors who have published 174 publications receiving 4784 citations.

Ceilings or floors? Gender wage gaps by education in Spain

Abstract: This paper analyzes the gender gap throughout the wage distribution in Spain using data from the European Community Household Panel. Quantile regression and panel data techniques are used to estimate wage regressions. In contrast with the steep increasing pattern found in other countries, the flatter evolution of the Spanish gender gap hides an intriguing composition effect. For highly educated workers, in line with the conventional glass ceiling hypothesis, the gap increases as we move up the distribution. However, for less-educated workers the gap decreases. We label this novel fact as a floor pattern and argue that it can be explained by statistical discrimination exerted by employers in countries where less-educated women have low participation rates.

Airline Hubs: Costs, Markups and the Implications of Customer Heterogeneity

Abstract: This paper estimates a model of airline competition that captures the two major features of the industry: product differentiation and economies of density The results not only provide support to some of the traditional common wisdom in the industry, but are also useful for understanding major puzzles concerning the evolution of the industry The estimates indicate that a hubbing airline's ability to raise prices is focused on tickets that appeal to price-inelastic business travelers, who favor the origin-hub airline, even while paying an average premium of 20% These high prices do not, however, provide a `monopoly umbrella' to other non-hub airlines Finally, on the cost side there is evidence of economies of density (and therefore cost economies of hubbing) on longer routes Consistent with the `Southwest Airlines' effect, there is no evidence of economies of density on shorter routes

Assessing the Impact of the September 11 Terrorist Attacks on U.S. Airline Demand

Abstract: This paper assesses the impact of the September 11th terrorist attacks and its after-effects on U.S. airline demand. Using monthly time-series data from 1986-2003, we find that September 11th resulted in both a negative transitory shock of over 30% and an ongoing negative demand shock amounting to roughly 7.4% of pre-September 11th demand. This ongoing demand shock has yet to dissipate (as of November 2003) and cannot be explained by economic, seasonal, or other factors.