The Value of Planned Death

Posted: 7 Jul 2010 Last revised: 29 Aug 2015

See all articles by Donald D. Lien

Donald D. Lien

University of Texas at San Antonio - College of Business - Department of Economics

Leo H. Chan

Woodbury School of Business, Utah Valley University

Date Written: July 1, 2010

Abstract

In this paper we propose a theoretical model of evaluating the economic costs and benefits of physician assisted suicide (euthanasia). The contemplation of euthanasia is modeled akin to the valuation of a real option. Our modeling of the decision shows that euthanasia is optimal when certain conditions are satisfied. The findings in this paper suggest that if more money is spent on medical research (such as pain management), the demand for Euthanasia could be reduced.

Keywords: Euthanasia, physician assisted suicide, planned death

JEL Classification: I12, I18, D81

Suggested Citation

Lien, Donald and Chan, Leo H., The Value of Planned Death (July 1, 2010). Journal of Socio-Economics, Vol. 39, No. 6, 2010. Available at SSRN: https://ssrn.com/abstract=1635940

Donald Lien

University of Texas at San Antonio - College of Business - Department of Economics ( email )

6900 North Loop 1604 West
San Antonio, TX 78249
United States
210-458-4313 (Phone)
210-458-4308 (Fax)

Leo H. Chan (Contact Author)

Woodbury School of Business, Utah Valley University ( email )

Department of Finance and Economics
800 West University Parkway
Orem, UT 84058
United States
801-863-8428 (Phone)

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