The value of planned death |
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| Authors: | Leo Chan Donald Lien |
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| Institution: | a Department of Finance and Economics, Woodbury School of Business, Utah Valley University, 800 W University Parkway, Orem, UT 84058, United States;b Department of Economics, University of Texas at San Antonio, San Antonio, TX, USA |
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| 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. |
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| Keywords: | Euthanasia Physician assisted suicide Planned death |
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