英文文献：Formation and Adaptation of Reference Prices in Grain Marketing: An Experimental Study-粮食流通参考价格的形成与适应:一项实验研究
英文文献作者：Mattos, Fabio,Poirier, Jamie
英文文献摘要：
This study examines formation and adaptation of reference prices by Manitoban grain producers. Research shows that preferences are reference-dependent and marketing decisions are affected by reference prices. Results suggest that Manitoban producers’ reference prices are formed primarily by an average of recent prices and the highest price to-date in the marketing window. Reference prices are found to adapt in the same direction as market prices, with adaptation to increasing prices being larger than adaptation to decreasing prices. When deciding to sell grain, producers are more likely to sell when they expect prices to decrease over the next month and when their reference price adjusts downwards towards the current price.

本研究考察了马尼托班谷物生产者参考价格的形成和适应。研究表明，偏好依赖于参考价格，而营销决策受到参考价格的影响。结果表明，马尼托巴省生产者的参考价格主要是由最近的平均价格和市场窗口的最高价格形成的。参考价格与市场价格的适应方向相同，对价格上涨的适应大于对价格下跌的适应。当决定出售粮食时，生产者更有可能在他们预期下个月价格会下降以及他们的参考价格相对于当前价格向下调整时出售。