In this paper, we study the stability of equilibrium for a foreign trade model consisting of three countries. As the gravity equation has been proven an excellent tool of analysis and adequately stable over time and space all over the world, we further enhance the problem to three masses. We use the basic Structure of Heckscher–Ohlin–Samuelson model. The national income equals consumption outla...

Due to its ease of application, the circle criterion has been widely used to guarantee the stability of many anti-windup schemes. While the Popov criterion gives less conservative results, it has been conjectured in the literature that it cannot be used for convex anti-windup synthesis. This paper shows that the conjecture does not necessarily apply in the discrete-time setting. We show how the...