Mobile service providers often motivate sales agents to attract more potential customers by sharing part of service revenue with agents. Motivated by the practice in the mobile service industry, we build a theoretical model considering a mobile service chain with a service provider selling...

The purpose of this paper is focus directly on the phase shift. For one thing, we ask whether a sticky-price model economy can account for both countercyclical prices and procyclical inflation. We present findings in which the price level is countercyclical and the inflation rate is procyclical....