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Chair in Microeconomics
Chair in Microeconomics

Prof. Dr. Torsten Heinrich

Torsten Heinrich Office Thüringer Weg 7, Raum 318
Telephone +49 371 531-39097
Fax +49 371 531-839097
E-Mail torsten.heinrich@...
Personal Website

Career

  • 2001 - 2007 Studies of economics (Dresden University of Technology, Universidad Autónoma de Madrid)
  • 2008 - 2011 Research Assistant, University of Bremen
  • 2011 - 2016 Postdoc, University of Bremen
  • 2016 - 2020 Postdoc, University of Oxford (INET, OMPTEC, OMS)
  • 2020 - Professor for microeconomics, Chemnitz University of Technology

Education

  • 2007 Diplom (combined Bachelor/Master) in economics (Dresden University of Technology)
  • 2011 PhD in economics (University of Bremen)
  • 2016 Venia legendi in economics (University of Bremen)

Research interests

  • Computational economics
  • Complex systems in economics
  • Agent-based modeling
  • Game theory
  • Evolutionary economics
  • Innovation economics, technological change
  • Economics of information- and communication technologies

Publications

Scholarly articles

  • Pangallo, Marco, Torsten Heinrich and Doyne Farmer (2019): Best Reply Structure and Equilibrium Convergence in Generic Games, Science Advances, Vol. 5, No. 2, eaat1328. DOI.
  • Heinrich, Torsten and Claudius Gräbner (2019): Beyond Equilibrium: Revisiting Two-Sided Markets from an Agent-Based Modeling Perspective, International Journal for Computational Economics and Econometrics, DOI (Working paper version: MPRA Working Paper No. 76425.)
  • Heinrich, Torsten (2018): The Rate of Change in Evolutionary Systems and Evolutionary Economic Modeling, Journal of Economic Issues, Vol. 52, No. 2, 570 - 579. DOI.
  • Heinrich, Torsten (2018): A Discontinuity Model of Technological Change: Catastrophe Theory and Network Structure, Computational Economics, Vol. 51, No. 3, 407 - 425. DOI.
  • Heinrich, Torsten (2017): The Narrow and Broad Approaches to Evolutionary Modeling in Economics, Journal of Economic Issues, Vol. 51, No. 2, 383 - 391. DOI. (See also the working paper version incl. appendix.)
  • Heinrich, Torsten (2016): Evolution-Based Approaches in Economics and Evolutionary Loss of Information, Journal of Economic Issues, Vol. 50, No. 2, 390 - 397. DOI.
  • Heinrich, Torsten and Shuanping Dai (2016): Diversity of Firm Sizes, Complexity, and Industry Structure in the Chinese Economy, Structural Change and Economic Dynamics, Vol. 37, 90-106. DOI.
  • Heinrich, Torsten and Benjamin Knopp and Heinrich Päs (2016): Entropy, biological evolution and the psychological arrow of time, Journal of Modern Physics, Vol. 7. DOI.
  • Kyläheiko, Kalevi, Pasi Luukka, Ari Jantunen, and Torsten Heinrich (2016): How to win innovation races in high-tech industries? An evolutionary optimisation model, International Journal of Technology Intelligence and Planning, Vol. 11, No. 1, 62-91. DOI.
  • Heinrich, Torsten (2014): Commodity and resource ETF trading patterns during the financial crisis, Complexity. DOI.
  • Heinrich, Torsten (2014): Standard wars, tied standards, and network externality induced path dependence in the ICT sector, Technological Forecasting and Social Change, Vol. 81, 309-320. DOI.
  • Heinrich, Torsten and Henning Schwardt (2013): Institutional Inertia and Institutional Change in an Expanding Normal-Form Game, Games, Vol. 4, No. 3 , 398-425. DOI.
  • Elsner, Wolfram and Torsten Heinrich (2009): A simple theory of 'meso'. On the co-evolution of institutions and platform size - With an application to varieties of capitalism and `medium-sized' countries, Journal of Socio-Economics, Vol. 38, No. 5, 843-858. DOI.

Monographs

  • Elsner, Wolfram, Torsten Heinrich and Henning Schwardt (2015): Microeconomics of Complex Economies: Evolutionary, Institutional, Neoclassical, and Complexity Perspectives, Amsterdam, Oxford, UK, San Diego, CA, USA, etc.: Academic Press.
  • Heinrich, Torsten (2013): Technological Change and Network Effects in Growth Regimes: Exploring the Microfoundations of Economic Growth, Oxon and New York, NY, USA: Routledge
  • Elsner, Wolfram, Torsten Heinrich, Henning Schwardt and Matthias Greiff (2012): Microeconomics of Interactive Economies: Evolutionary, Institutional, and Complexity Perspectives, Cheltenham, UK and Northampton, MA, USA: Edward Elgar

Recent working papers

  • Heinrich, Torsten, Jangho Yang and Shuanping Dai (2020): Levels of structural change: An analysis of China's development push 1998-2014, OMPTEC Working Paper 2020-4
  • Yang, Jangho, Torsten Heinrich, Julian Winkler, François Lafond, Pantelis Koutroumpis and Doyne Farmer (2019): Measuring productivity dispersion: a parametric approach using the Lévy alpha-stable distribution, INET Working Paper 2019-14
  • Heinrich, Torsten, Juan Sabuco and Doyne Farmer (2019): A simulation of the insurance industry: The problem of risk model homogeneity, INET Working Paper 2019-12