Expected-utility theory can explain why people who are terminally ill often feel a surge in wellbeing and hope to live longer when they have the option of legally ending their lives. Behavioral theories, however, may better answer larger questions such as why so few terminally-ill people bother...

The typical living will is an awfully imperfect instrument for doing what it is supposed to do. This paper is one economist's attempt to make sense of living will. The foray takes one deep into the domain of mainstream economics. The paper concludes that, despite its shortcomings, living will...

A physician faces a difficult decision when her terminally ill patient wants to die. Her compassion and the Hippocratic Oath pull her in different directions. A bargaining model offers an explanation of how she balances these emotions. The model has simple and powerful implications for the patient.

A supramonopoly is the market structure of a homogeneous good that is priced higher than the monopoly level. We present evidence of supramonopoly in the US air passenger service. For four airline mergers during the period of 1993 to 2009, we identify routes that dropped fares for no other reason...