The value of planned death

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.

Research highlights▶ Provides a theoretical approach to value planned death. ▶ Provides simulations to show the value of planned death under different assumptions. ▶ Provides policy suggestions that would reduce the demand for planned death.