This study presents a new model of search on a rugged landscape, which employs modeling techniques from fractal geometry rather than the now-familiar NK modeling technique. In our simulations, firms search locally in a two-dimensional fitness landscape, choosing moves in a way that responds both...

This study presents a new model of search on a “rugged landscape,” which employs modeling techniques from fractal geometry rather than the now-familiar NK modeling technique. In our simulations,firms search locally in a two-dimensional fitness landscape, choosing moves in a way that responds...

This paper investigates the relationship between environmental complexity and firm organization. We ask: Given the complexity of the environment, which organizational structure and level of decision making authority optimizes performance of a firm? We assume the information processing...

The paper looks at the locality question in Foreign Direct Investment (FDI) theories. For a long time the locality issues in FDI seem to have been overshadowed by globalism. Locality issues, however, have been kept alive from two angles one of which includes diverse individuals who are...

The mean number (N) of metastable states in higher order short-range spin glasses is estimated analytically using a variational method introduced by Tanaka and Edwards for very large coordination numbers. For lattices with small connectivities, numerical simulations do not show any significant...