We model the strategic interaction between a prosecutor and a defendant when informal sanctions by outside observers (society) may be imposed on both the defendant and the prosecutor. Outside observers rationally use the disposition of the case (plea bargain, case drop, acquittal, or conviction)...

We develop a model of individual prosecutors (and teams of prosecutors) and show how, in equilibrium, team-formation can lead to increased incentives to suppress evidence (relative to those faced by a lone prosecutor). Our model assumes that each individual prosecutor is characterized by a...

In this paper we use a signaling model to analyze the effect of (endogenously-determined) third-party non-recourse loans to plaintiffs on settlement bargaining when a plaintiff has private information about the value of her suit. We show that an optimal loan (i.e., one that maximizes the joint...

In the traditional model of the law and economics of torts, harm accrues proportional to use. This has the remarkable implication for products-generated torts that product performance concerns (e.g., issues of care and of liability for harm) can be considered independently of market performance...

We develop a model of individual prosecutors (and teams of prosecutors) to address the incentives for the suppression of exculpatory evidence. Our model assumes that each individual prosecutor trades off a desire for career advancement (by winning a case) and a disutility for knowingly...