Industry Dynamics of Offshoring: The Case of Hard Disk Drives
研究了1976-1998年硬盘驱动器行业中离岸外包的动态模式，发现本土企业大量退出而离岸企业幸存，并构建动态博弈模型分析离岸外包的成本收益及政府干预影响。
This paper uncovers a novel pattern of offshoring dynamics in a high-tech industry, and proposes a structural model to explain it. Specifically, the hard disk drive industry (1976–1998) witnessed massive waves of entry, exit, and the relocation of manufacturing plants to low-cost countries, in which shakeouts occurred predominantly among home firms and almost all survivors were offshore firms. I build and estimate a dynamic offshoring game with entry/exit to measure the benefits and costs of offshoring, investigate the relationship between offshoring and market structure, and assess the impacts of hypothetical government interventions.