capture their interrelationships. We submit that that the process of institutionalization does resolve the tension … process of institutional change. …

. Much less work has considered the importance of the auction process. For example, in many auctions, auctioneers are present … and can impact the process of the auction by varying starting prices, level of price adjustments, the speed of the auction … explore the importance of auction process by testing whether auctioneers can have a systematic difference on auction outcomes …