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Computable Compliance as Institutional Technology - A Demand-side Entry Point for Peripheral Tech Ecosystems — The Case of Burgas

Author

Listed:
  • Vladimir Stantchev

    (SRH University - Heidelberg, Germany)

  • Teodor Sedlarski

    (Sofia University St. Kliment Ohridski, Faculty of Economics and Business Administration, Department of Economics)

Abstract

Peripheral technology ecosystems in Eastern Europe are institutionally thin: lacking the social embeddedness that makes metropolitan firms contractible at a distance, they remain locked out of high-value markets even where cost and skill fundamentals are favorable. Combining an exploratory institutional case study of Burgas, Bulgaria, with a design-science specification of computable compliance — machine-verifiable, cryptographically signed conformity evidence — we ask whether formal institutions can substitute for missing embeddedness in assurance heavy transactions. The EU regulatory stack (DORA, NIS2, the AI Act, the CRA) and Bulgaria's euro adoption convert compliance capability into a tradable product: a demand-side entry point for peripheral ecosystems.

Suggested Citation

  • Vladimir Stantchev & Teodor Sedlarski, 2026. "Computable Compliance as Institutional Technology - A Demand-side Entry Point for Peripheral Tech Ecosystems — The Case of Burgas," Bulgarian Economic Papers bep-2026-03, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Jul 2026.
    • Handle: RePEc:sko:wpaper:bep-2026-03
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    File URL: https://uni-sofia.bg/index.php/eng/content/download/360018/2306858/file/BEP-2026-03.pdf
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    References listed on IDEAS

    as
    1. Andreas Diemer & Simona Iammarino & Andrés Rodríguez-Pose & Michael Storper, 2022. "The Regional Development Trap in Europe," Economic Geography, Taylor & Francis Journals, vol. 98(5), pages 487-509, October.
    2. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
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    Keywords

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    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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