ABSTRACT

The relationship between game theory and economic theory is neither simple nor one-sided. The history of this relationship started a long time before the beginning of game theory as a mathematical corpus. The views of Cournot and Bertrand on the duopoly are generally considered as its starting point. Such a specific approach to economic situations has been followed by Edgeworth in his bilateral monopoly’s treatment and went on until the beginning of the second world war, with the contributions of Zeuthen and Stackelberg. On his side, Borel quickly noticed the possibility of applying some of the concepts he had elaborated for the understanding of games to economic situations (Borel 1923).