Since at least 1984, IAREP has offered a prize for the best paper by a student submitted for inclusion in the programme of its annual conference. The prize is generously sponsored by Elsevier Scientific, the publishers of the Journal of Economic Psychology and the Journal of Socio-Economics. The winner of the Student Paper Competition usually receives:
- a year's subscription to the Journal of Economic Psychology
- a prize of 800-1000 Euro
The second and third place winners usually receive a year's subscription to the Journal of Economic Psychology. A panel of senior scientists judges the papers using the following criteria: (a) interest of subject area; (b) quality of research; and (c) quality of writing.