This study focuses on the market of property subject to lifelong usufruct in Italy. This type of investment or disinvestment has found more widespread than in the past because of the difficulties related to the current economic conditions that adversely affect the disposable income and access to credit of households. This paper develops a Decision Tree Analysis model to support a decision to invest in bare dominium. The model is perfectly suited to the analysis of this investment,since it is able to treat the specific risk that characterizes it that is connected to the life expectancy of the usufructuary.
A Model to Support the Decision to Invest in Bare Dominium
MANGANELLI, BENEDETTO
2014-01-01
Abstract
This study focuses on the market of property subject to lifelong usufruct in Italy. This type of investment or disinvestment has found more widespread than in the past because of the difficulties related to the current economic conditions that adversely affect the disposable income and access to credit of households. This paper develops a Decision Tree Analysis model to support a decision to invest in bare dominium. The model is perfectly suited to the analysis of this investment,since it is able to treat the specific risk that characterizes it that is connected to the life expectancy of the usufructuary.File in questo prodotto:
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