Overview of engineering economics -- Foundation of engineering economics -- Intermediate balances and other interest rates & series -- Annual worth comparisons -- Present worth comparisons -- Simple and quasi-simple investments -- Non-simple investments -- Mutually exclusive investments -- After...

We challenge the view that the presence of powerful buyers stifles suppliers ́incentives to innovate. Following Katz (1987), we model buyer power as buyers ́ability to substitute away from a given supplier and isolate several effects that support the opposite view, namely that the presence of...