This article discusses the cognitive plausibility of actors or agents within transaction cost economics (TCE). Our main thesis is that, although the actors within TCE are not based on cognitive functions, a simulation model can be built in which the cognition of the actors is accounted for. In this article we want to discuss four things. In the first place we describe TCE and its actors in whic...

Opportunism is a behavior that takes advantage of knowledge asymmetry and results in promoting agents’ own value and demoting others’ value. We propose a framework to reason about agents’ opportunistic propensity and characterize the situation where agents will perform opportunistic behavior.

Subsistence markets are characterized by being composed of economic agents with low levels education, marketing and management skills, income. There common in developing countries. Promote entrepreneurship these is a strategy to reduce poverty, contributing sustainable development goals. Small-scale timber businesses (SSTB) Misiones (Argentine) work markets. Innovation capabilities SSTB importa...

Abstract Ownership and control have been the strategic focus of organizational analyses to achieve performance. The emergence sustainable strategies has, however, confronted conventional theory because performance has become a complex concept containing both social elements environmental dimensions together with economic aspects. Increased climate change, temperature risk, hazards, as well inte...