Essays about: "tobit model"

Showing result 21 - 21 of 21 essays containing the words tobit model.

  1. 21. Housing Price Insurance: A Study of the Willingness to Pay

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Torbjörn Bäckmark; [2010]
    Keywords : Housing Price Insurance; Housing Price Derivatives; Willingness to pay; Tobit model;

    Abstract : The purpose of this study is to empirically identify factors that affect the willingness to pay for housing price insurance. Applying a Tobit model to data from a market survey performed in Uppsala 2007, this study shows that the willingness to pay for housing price insurance is negatively correlated with homeowners equity in their house, household income and the horizon for the investment in the house and that the willingness to pay is positively correlated with the respondents level of risk aversion. READ MORE