Economics of plea bargaining

Plea bargaining is an agreement between the prosecutor and the defendant where the defendant agrees to confess to a crime in return of a benefit. The Black’s Law Dictionary defines plea bargaining as “The process whereby the accused and the prosecutor in a criminal case, work out a mutually satisfactory disposition of the case Subject to the Court approval. It usually involves the accused pleading the guilty to a lesser offence or to only one or some of the courts of multi-count indictment in return for a lighter than that possible for the graver charge”.