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Facebook and Instagram. We first estimate advertising effectiveness at baseline across our broad sample. We then estimate the …
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simultaneous game of pricing and targeted advertising with two firms producing different levels of quality. We find that the … transition from uniform advertising to targeted advertising can turn a pure vertically differentiated market into a hybrid market … particular, we show that (1) compared to uniform advertising, targeting leads both firms to always charge higher prices, (2) the …
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The advent of online advertising has simultaneously created unprecedented opportunities for advertisers to target …
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