Execution Economics (EE) is a framework for understanding the gap between what an organisation decides and what it ultimately achieves.
It focuses on two factors that conventional economic and management models often treat as implicit or combine into a single process: the quality of a decision and the sovereignty of the party responsible for carrying it out.
In EE, realised output depends on both. Better decisions increase the potential value of an outcome, while decision sovereignty determines the extent to which that potential can be realised. Neither can fully compensate for the absence of the other. The framework expresses this relationship through a core identity and a set of composite measures, including predictive capacity and the Decision Sovereignty Index.
EE is presented as a developing research programme rather than a settled body of results. Its identities are derived from stated structural axioms and its empirical content is designed to be falsifiable; its substantive claims are arguments and predictions generated by the model, rather than independently established findings.
References:
• Fritz, P., Fritz-Kalish, C. and Bodrova, O. (2025), ‘Introducing decision sovereignty: A missing transmission variable in models of implementation’, Journal of Behavioural Economics and Social Systems, 7(1-2), 137-141, DOI: 10.54337/ojs.bess.v7i1-2.11417
• Fritz, P., Fritz-Kalish, C. and Bodrova, O. (2026), Decision sovereignty: A theory of execution in prediction-rich economies, Global Access Partners, Sydney
• Fritz, P., Fritz-Kalish, C., Bodrova, O. and Ayvazyan, A. (2026), ‘Execution economics: Decision sovereignty and the transmission of decisions into outcomes’, Global Access Partners, DOI: 10.2139/ssrn.73247584
• Fritz, P. and Fritz-Kalish, C. (2026), ‘Decision sovereignty: A formally derived transmission variable for economic theory’, Global Access Partners, DOI: 10.5281/zenodo.21232154
• Fritz, P. and Fritz-Kalish, C. (2026), ‘Decision sovereignty: Case studies’, Global Access Partners, DOI: 10.5281/zenodo.21231892
• Fritz, P. and Fritz-Kalish, C. (2026), 'Sovereignty before process: Why the Royal Commission's recommendations cannot prevent another Robodebt, and what Execution Economics proposes instead', Global Access Partners, DOI: 10.5281/zenodo.21231818
• Fritz, P. and Fritz-Kalish, C. (2026), 'Capable destruction: Execution Economics and the value reversal architecture of Australia's Robodebt scheme', Global Access Partners, DOI: 10.5281/zenodo.21231761