Montenegrin Journal of Economics

Theory Of Games And Research Company'S Nature

Mimo Drašković

2005, vol. 1, no. 1, p. 169-178

Company is complicate economic category and particular institute of contemporary economic system. In western economic science has been formulated different views on the nature of company. Theory of games has been arise in as alternative theoretical concept in evolution of research company's nature. There has been wide time interval between first (Cournot 1838) and next pioneer's attempt (Bertrand 1883, Edgeworth 1925) in appliance theory of games in analyse of economic problems. All those attempts had been limited on cases of oligopoly price policy and volume of production, without of possibility of generalize appliance theory of games on analyse of the other economic problems (balance, competition, risk, doubt, rationality, public choice, etc.). It was, partly, enabled in mid of last century (1944) when mathematician John Von Neumann and economist Oskar Morgenstern published book "Theory of games and economic behaviour". They analysed matrix game of two actors with zero result, what mean that profit of one player is loss for the other. They went from assuming of rational players' behaviour, internecine conflict of theirs economic interests, risk and abeyance of opposing decisions. Aim of this article is to see importance and possibility of application theory of games in companies at all, and especially in nautical companies and in ports.

suggested citation:

Mimo Drašković. "Theory Of Games And Research Company'S Nature." Montenegrin Journal of Economics. vol. 1, no. 1, 2005, p. 169-178

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