Using real options game models, we consider the characterization of strategic equilibria associated with an asymmetric R&D race between an incumbent firm and an entrant firm in the development of a new innovative product under market and technological uncertainties. The random arrival time of...

The objective of this article is to analyze the spin-off in the Brazilian military industry. Two important points can be observed in the existing literature: first, the verification that the spin-off has not occurred in the Brazilian case, and second, the limited number of case studies on this...