We develop a dynamic model of the disposition of a criminal case, allowing for the potential discovery of exculpatory evidence by prosecutors (who choose whether to disclose this evidence) and by defendants, as the case proceeds from arrest through plea bargaining and (possibly) trial. We...

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...