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This paper develops a dynamic industry model in which firms compete to acquire customers over time by disseminating information about themselves under the presence of random shocks to their efficiency. The properties of the model's stationary equilibrium are related to empirical regularities on...
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practices in a converging media society. It specifically relates to the increasing power of consumers in the (digital) marketing …, instructors, and students in the fields of advertising, communication, marketing and media management, as well as practitioners in … these areas. The Editors Verolien Cauberghe is Associate Professor of Marketing Communication at Ghent University, Belgium …
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