Quantifying the Sources of Firm Heterogeneity

Colin Hottman, Stephen J. Redding, David E. Weinstein

NBER Working Paper No. 20436
Issued in August 2014, Revised in November 2015

---- Acknowledgments ----

We are grateful to the editor, four referees, Andrew Bernard, Swati Dhingra, Cecilia Fieler, Gene Grossman, Oleg Itskhoki, Esteban Rossi-Hansberg, Bernard Salanié and conference and seminar participants at Columbia, ERWIT, Dartmouth, Harvard, LSE, NBER-ITI, Philadelphia-Fed, Princeton, UBC, UC Berkeley, UC Merced, UCLA and UCSD for helpful comments. Thanks to Ildiko Magyari, Scott Marchi and Dyanne Vaught for providing excellent research assistance. Redding thanks Princeton University for research support. Weinstein thanks Columbia University and the NSF (Award 1127493) for generous financial support. We also would like to thank GS1 for providing us with a concordance between the bar code data and firm identifiers. The views expressed in this paper are solely those of the authors and do not represent the views of the Board of Governors, other members of the Federal Reserve System, or the National Bureau of Economic Research. All results are calculated based on data from The Nielsen Company (US), LLC and provided by the Marketing Data Center at The University of Chicago Booth School of Business.

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