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We investigate the running vacuum model (RVM) in the framework of scalar field theory.This dynamical vacuum model provides an elegant global explanation of the cosmic history, namely the universe starts from a non-singular initial de Sitter vacuum stage, it passes smoothly from an early inflationary era to a radiation epoch ("graceful exit") and finally it enters the dark matter and dark energy (DE) dominated epochs, where it can explain the large entropy problem and predicts a mild dynamical evolution of the DE.
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