Kutlar, Aziz
June 2002
Ekev Academic Review;Summer2002, Vol. 6 Issue 12, p33
Academic Journal
Williamson model known as rational managerial behavior model has been based on 'maximizing the utilities of the managers' thesis. Here, in the recent years, it was found that there are considerable numbers of corruption in the corporations supplying public goods or services. While the man-agers employed in private sector firms are getting paid some extra that are not the recompenses for their production in a specific rate, it is impossible to say that such utility also valid for the managers employed in public sector. What has been discussed in this article is that the managers employed in the corporations supplying public services and goods have been getting interest in a way that similar to public sector but not a legal way (bribe or overtime), and also the consequences of this interest on manager utility function and production have been discussed.


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