) the structure of dependence between the error components. This decomposition suggests that the “wrong skewness” anomaly is … displays wrong skewness, estimation of our model rejects the dependence hypothesis, but accepts the asymmetry of the random …In this paper, we study the so-called “wrong skewness” anomaly in Stochastic Frontiers (SF), which consists in the …

in one direction. In practice, however, estimation residuals may display skewness in the wrong direction. Model re …-specification or pulling a new sample is often prescribed. This paper proposes a feasible alternative: imposing a negative skewness …

energy markets is given by a portfolio of oil, gas, coal, and electricity. To accommodate various dependence and tail decay …

low (high) output prices. To minimize regret, the firm is induced to raise (lower) its output optimal level. The skewness …

empirical test, based on the skewness of TFP distribution, to empirically distinguish between different growth theories. While … negative skewness is consistent with the neo-Schumpeterian idea of catching up with leaders, zero skewness supports the … neoclassical view that deviations from the frontier reflect only idiosyncratic productivity shocks. We argue that positive skewness …

low (high) output prices. To minimize regret, the firm is induced to raise (lower) its output optimal level. The skewness …

Despite the fact that it is easy to see intuitively why skewness and coskewness should matter for asset pricing, it is … difficult to build a model that links analytically skewness premia to deep structural parameters governing preferences and the … distribution of shocks. This paper takes up the challenge and studies the effect of skewness and coskewness on asset valuation. To …