Atlantic Economic Journal

, Volume 27, Issue 3, pp 325–333 | Cite as

Cournot, Bertrand, and game theory: A further note

  • Robert W. Dimand
  • Mohammed H. I. Dore


This note synthesizes the discussion on the role of Cournot and Bertrand in the analysis of duopoly by drawing on the history of the debate. We conclude that while Bertrand presented a critique of the mathematical economics of Cournot and stimulated the analysis of strategic choice in game theory, he did not present a duopoly model with price as a strategic variable, as opposed to Cournot's model with quantity. In fact, Cournot has both types of models. We show that Irving Fisher contributed to the myth about Bertrand's duopoly theory.


Game Theory International Economic Public Finance Strategic Choice Mathematical Economic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© International Atlantic Economic Society 1999

Authors and Affiliations

  • Robert W. Dimand
    • 1
  • Mohammed H. I. Dore
    • 1
  1. 1.Brock UniversityCanada

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