Capital Assembly
研究了当资本分散时，为具有规模报酬递增的项目组装资本所面临的困难，以及拥有大块资本或网络资本的代理人如何获得租金，并讨论了投资与租金分配的含义。
Abstract This article explores the problem of assembling capital for projects. It can be difficult to assemble capital, when it is disaggregated, for a project that exhibits increasing returns. Small investors may be reluctant to participate, as they may question the ability of the project owner to raise the additional capital he requires. This suggests the possibility that agents with blocks of capital (capital that is already aggregated) might earn rents. Similarly, agents with “network capital”—that is, an ability to aggregate the capital of others—may earn rents. In this article, we develop a simple theory of capital assembly and discuss the implications for investment and rent distribution.