Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Social and Behavioral Sciences
Worker Cooperatives And Globalization: A Case Study Of Fagor Electrodométicos Utilizing Game Theory, Bradley C. Williams
Worker Cooperatives And Globalization: A Case Study Of Fagor Electrodométicos Utilizing Game Theory, Bradley C. Williams
Honors Undergraduate Theses
The internationally recognized and flagship worker cooperative Fagor Electrodomésticos was founded in 1956 and was heralded as a success story before declaring bankruptcy in 2013. In this thesis, I examine the existing literature regarding worker cooperatives and provide historical background on Fagor Electrodomésticos. I then focus on one of the factors credited by the literature as contributing to its failure and other worker cooperatives broadly, the internal decision-making process. To analyze the role of the internal decision-making process I develop a game-theoretic model that sheds light on the dynamics of this process. This model contains three actors each of whom …