The Herbert Simon Prize honors the best conference paper by young scholars. In 2025 it went to Fausto Gernone for his paper “Coordination and Power: A Discussion on the Problem of Information in Production and Competition”.

Fausto Gernone
The paper explores the role of information and information management in production processes and in inter-firm relations. It addresses with precision the concept of power derived from the possession and processing of information, and it further examines how the emergence of Information and Communication Technologies (ICTs) and digital ecosystems has reshaped coordination mechanisms and power dynamics.
Here is an excerpt from the reviews: This paper makes a highly original and ambitious theoretical contribution by integrating diverse economic approaches with insights from physics to analyze the digital economy. Its greatest strength lies in situating digital platforms within an industrial organization framework, offering a novel perspective on informational costs, competition, and power dynamics. By reinterpreting concepts such as Ashby’s Law of Requisite Variety, the paper develops an advanced framework that pushes the boundaries of current scholarship and could easily be expanded into a book-length study. While primarily conceptual and less focused on detailed policy prescriptions, it nonetheless provides deep insights into the institutional and theoretical foundations of the digital economy, making it a valuable and innovative contribution to the EAEPE tradition.

