To buy or to build?

Margsiri, Mello, and Ruckles provide a thoughtful article that models the "grow vs buy" decision.SSRN-To Build or to Buy: Internal vs. External Growth by Worawat Margsiri, Antonio Mello, Martin Ruckes: "This paper relates growth via acquisitions to the characteristics of the possibility to grow organically"As in most modeling papers, this should come with the standard warning that "while the