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dc.contributor.supervisor Mattos, Fabio (Agricultural Economics) en_US
dc.contributor.author Poirier, Jamie
dc.date.accessioned 2013-01-08T17:30:17Z
dc.date.available 2013-01-08T17:30:17Z
dc.date.issued 2013-01-08
dc.identifier.uri http://hdl.handle.net/1993/14422
dc.description.abstract This thesis examines formation and adaptation of reference prices by Manitoban farmers. Research shows that preferences are reference-dependent and that marketing decisions are affected by reference prices. Results obtained in this research suggest that Manitoban farmers’ reference prices for grain are formed primarily by a weighted average price and by the highest price indicated in the experiment. Reference prices were found to adapt in the same direction as market prices, where adaptation to increasing prices was found to be larger than adaptation to decreasing prices. When deciding to sell grain, farmers were more likely to sell when they expected prices to decrease over the next month and when their reference price adjusted downwards towards the current price. en_US
dc.subject reference en_US
dc.subject agriculture en_US
dc.subject prospect en_US
dc.subject price en_US
dc.title Formation and adaptation of reference prices by Manitoban grain farmers: an experimental study en_US
dc.degree.discipline Agribusiness and Agricultural Economics en_US
dc.contributor.examiningcommittee Brewin, Derek (Agricultural Economics) Manchanda, Rajesh (Marketing) en_US
dc.degree.level Master of Science (M.Sc.) en_US
dc.description.note February 2013 en_US


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