Patents to Products: Product Innovation and Firm Dynamics

We thank Ufuk Akcigit, Fernando Alvarez, Antonin Bergeaud, Toni Braun, Laurent Frésard, Pete Klenow, Hugo Hopenhayn, Benjamin F. Jones, Claudio Michelacci, Jesse Perla, Juan Rubio-Ramirez, and numerous seminar and conference participants for their helpful comments. Researcher(s)’ own analyses calculated (or derived) based in part on data from Nielsen Consumer LLC and marketing databases provided through the NielsenIQ Datasets at the Kilts Center for Marketing Data Center at The University of Chicago Booth School of Business. The conclusions drawn from the NielsenIQ data are those of the researcher(s) and do not reflect the views of NielsenIQ. NielsenIQ is not responsible for, had no role in, and was not involved in analyzing and preparing the results reported herein. The views expressed in this paper do not necessarily represent the views of the Federal Reserve System or the Federal Reserve Bank of Atlanta. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.