How to Evaluate the Creation of an Economic Joint Venture Through the Application of the Box Negotiation Diagram

The final objective of any economic negotiation among two players is the creation of an economic joint venture such as a free trade agreement (FTA) or the merge of firms. The success of any economic joint venture depends on the effort to work hard to improve or sacrifice welfare until both players can find the perfect balance point for a suitable economic joint venture. Initially, we assume that different players agree to start some talks with common issues until arrive to the final economic joint venture. Nevertheless, the initial division between players is real, and the border between the two player remains among the most tightly sealed and heavily interests to win into the negotiation among two players