The Value of Planned Death
Posted: 7 Jul 2010 Last revised: 29 Aug 2015
Date Written: July 1, 2010
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: Suggested Citation