implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of …

"This paper characterizes the efficient sequential equilibrium when a government uses indirect control to exert its … exert direct control by intervening with an endogenously determined intensity of force which is costly to both players …

implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of …