Plea Bargaining as a Mean to Maximum Sentence
KDI Journal of Economic Policy 2013, 35(1) 139-146
11 Pages Posted: 21 Apr 2016 Last revised: 21 Jun 2016
Date Written: March 12, 2013
This paper outlines the findings of a model of plea bargaining with multiple defendants, in which a prosecutor makes plea offer sequentially. It is shown that plea discount can be minimized with sequential offers and that not all of defendants shall be induced to plead guilty. By allowing sequential offer, a prosecutor has more power in the plea bargaining, which may increase social welfare by giving appropriate level of punishment to the guilty.
Keywords: Plea bargaining, Multiple defendants, Sequential offer
JEL Classification: D82, K14, K42
Suggested Citation: Suggested Citation