We demonstrate that the negative amplitude gain in a photorefractive two-wa
ve-mixing experiment under applied electric field measurably reduces the ch
aracteristic instability of the recorded hologram. In this sense photorefra
ctive materials behave like electronic amplifiers with feedback. We analyze
the case of stationary and running holograms both under an externally appl
ied electric field. A continuous phase-modulation method is used to simulta
neously measure diffraction efficiency and phase shift. Measurements carrie
d out on a Bi12TiO20 crystal at 514.5 nm wavelength confirm the occurrence
of continuous oscillations in both the diffraction efficiency and the phase
shift. The perturbations in the diffraction efficiency increase considerab
ly with increasing applied field and are reduced when energy is transferred
from the weaker to the stronger beam (negative gain). Our results indicate
that the perturbations in our experiments are probably due to resonantly e
xcited transient effects.