Hennessy, David A. - Department of Economics, Iowa State University - 2012
Empirical studies point to negative crop yield skewness, but the literature provides few clear insights as to why. This … disposition toward negative yield skewness. This is because high marginal product in bad weather stretches out the yield … distribution's left tail relative to that for weather. For disaggregated yields, unconditional skewness is decomposed into weather …