5 papers
Epidemics in modern economies
Torsten Heinrich
How are economies in a modern age impacted by epidemics? In what ways is economic life disrupted? How can pandemics be modeled? What can be done to mitigate and manage the danger?…
Growth, development, and structural change at the firm-level: The example of the PR China
Torsten Heinrich, Jangho Yang, Shuanping Dai
Understanding the microeconomic details of technological catch-up processes offers great potential for informing both innovation economics and development policy. We study the econ…
The Frequency of Convergent Games under Best-Response Dynamics
Samuel C. Wiese, Torsten Heinrich
Generating payoff matrices of normal-form games at random, we calculate the frequency of games with a unique pure strategy Nash equilibrium in the ensemble of -player, -strat…
Levels of structural change: An analysis of China's development push 1998-2014
Torsten Heinrich, Jangho Yang, Shuanping Dai
We investigate structural change in the PR China during a period of particularly rapid growth 1998-2014. For this, we utilize sectoral data from the World Input-Output Database and…
A simulation of the insurance industry: The problem of risk model homogeneity
Torsten Heinrich, Juan Sabuco, J. Doyne Farmer
We develop an agent-based simulation of the catastrophe insurance and reinsurance industry and use it to study the problem of risk model homogeneity. The model simulates the balanc…