Congestion is an economic phenomenon of overinvestment that occurs when excessive inputs decrease the maximally possible outputs. Although decision-makers are unlikely to decrease outputs by increasing inputs, congestion is widespread in reality. Identifying and measuring congestion can help...

Macau and U.S.-China Relations explores the economic and political growth of Macau during the 20th century in which it evolved from a minor colonial power to an important global player, especially in regards to Sino-American relations and Chinese foreign policy. The essays focus on Macau's...