Since 2014, the Society for Institutional & Organizational Economics has granted awards in institutional and organizational economics, named after four Nobel Prize winners closely linked to the society. The awards are:
- A Ronald Coase Best Dissertation Award, for the best PhD dissertation in institutional and organizational economics defended during the previous two years.
- An Oliver Williamson Best Conference Paper Award, for the best paper delivered at the SIOE conference.
- A Douglass North Best Book Award, for the best published book in institutional and organizational economics published during the previous two years.
- An Elinor Ostrom Lifetime Achievement Award, for sustained significant academic contributions to the field.
The Ronald H. Coase Dissertation Award:

- To be eligible, the candidate’s PhD must have been awarded during the two previous calendar years
- Nominees must submit a 5-page abstract of their dissertation, and must have their advisor or a Ph.D. committee member send a letter (under separate cover) explaining the contribution of the dissertation and why it should be considered for this award.
- The Coase Award Committee, a four-member committee selected by and from the Board, will review entries and draft a shortlist of finalists. Finalists will be asked to submit their full dissertation.
- The winner will be announced at the annual conference.
- The Ronald H. Coase Best Dissertation Award is an annual award.
The Oliver E. Williamson Best Conference Paper Award:

- The Oliver E. Williamson Best Conference Paper Award is open to all papers individually accepted for presentation and given at SIOE’s annual meeting.
- A sub-group of four members of the Program Committee will shortlist five papers.
- The winner will be chosen from the finalists by vote of the entire Program Committee and announced at the annual conference.
- The Oliver E. Williamson Best Conference Paper Award is an annual award.
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The Douglass North Best Book Award:

- The Douglass North Best Book Award is given to the best book in institutional and organizational economics published during the previous two years.
- Nominations must refer to books published in English by a recognized press.
- Nominations may come from any academic other than the author(s) of the work, and must include a letter explaining the reasons for the nomination.
- Submission material include an electronic copy of the front matter (title page, copyright page, preface, and table of contents).
- Copies of the top three short-listed books may be requested by the committee from the Press, the author, or the nominator.
- The North Award Committee, a four-member committee selected by and from the Board, will pick a winner.
- The winner will be announced at the annual conference.
- The Douglass North Best Book Award is a bi-annual award, normally given in even years.
The Elinor Ostrom Lifetime Achievement Award:

- The Elinor Ostrom Lifetime Achievement Award recognizes scholars who have made a sustained and significant academic contribution to the field of institutional and organizational economics. Open to anyone.
- The nomination process is open to anyone, including current and former SIOE officers and Board members, as well as members of the broader academic community.
- Nominations must include an electronic letter detailing the reasons for the nomination and a copy of the CV of the nominated individual.
- The SIOE Secretary will compile the list of nominations and the winner will be selected by the Board.
- The Elinor Ostrom Lifetime Achievement Award recognizes is a bi-annual award, normally given in odd years.