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 …

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 … techniques from fractal geometry rather than the now-familiar NK modeling technique. In our simulations, firms search locally …

solution is found and simulations show some effects of the fractal geometry. The land rent gradient depends on the …