INTRODUCING THE BUSINESS IMPLEMENTATION INSTITUTION: A CROSS-REGIME ANALYSIS OF INSTITUTIONAL STRATEGIES VIA AGENT-BASED SIMULATION

Ihor Hurnyak

doi:10.32782/2308-1988/2026-59-93

Ihor Hurnyak Ivan Franko National University of Lviv https://orcid.org/0000-0003-0926-2456

DOI: https://doi.org/10.32782/2308-1988/2026-59-93

Keywords: Business Implementation Institution, institutional economics, agent-based modeling, evolutionary games, economic coordination, hierarchy, artificial intelligence

Abstract

This study introduces the concept of the Business Implementation Institution (BII) as a missing analytical layer in institutional and strategic management theory. The BII is defined as an integrative system combining formal rules, informal norms, organizational structures, and interaction mechanisms that enable the realization of economic activity. To validate the analytical relevance of this concept, the study employs an agent-based modelling approach based on an extended Axelrod tournament. The study contributes to institutional economics by introducing a functional-integrative concept of implementation and by demonstrating its applicability through simulation-based analysis of complex institutional environments.

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