The book On Optimality of Allowing Collusion was written by author Fred Kofman Here you can read free online of On Optimality of Allowing Collusion book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is On Optimality of Allowing Collusion a good or bad book?
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Next, we assume that the auditor is strategic with probability less than 1 and that the principal does not attempt to deter collusion by rewarding the auditor when he reveals incriminating information. While a non-strategic auditor will truthfully convey this information to the principal, a strategic auditor will collude with the manager. This extreme case (c=l; no deterrence) will help us to defme the indifference locus between allowing and deterring collusion, and the indifference locus will ...separate the region of the parameter space in which allowing collusion is strictly prefered from the region in which deterrence is strictly prefered. The important decision the principal faces whenever he decides to hire an auditor is whether he is better off allowing or deterring collusion between the manager and the auditor. If he decides to deter collusion, he will have to pay the auditor a reward at least as large as the bribe proposed by the manager. If he allows collusion he will not pay any reward, but a strategic auditor will never report that the manager should be punished.
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