  We argue that topological matrix models (matrix models of the Kontsevich
type) are examples of exact open/closed duality. The duality works at finite N
and for generic `t Hooft couplings. We consider in detail the paradigm of the
Kontsevich model for two-dimensional topological gravity. We demonstrate that
the Kontsevich model arises by topological localization of cubic open string
field theory on N stable branes. Our analysis is based on standard worldsheet
methods in the context of non-critical bosonic string theory. The stable branes
have Neumann (FZZT) boundary conditions in the Liouville direction. Several
generalizations are possible.
