Yuliy Sannikov

Yuliy Sannikov
Professor, Economics
Contact Info
YuliySannikov
The Jack Steele Parker Professor of Economics
Academic Area: 
Economics

Bio

Yuliy Sannikov is a theorist who has developed new methods for analyzing continuous time dynamic games using stochastic calculus methods. His work has not only broken new ground in methodology, it has had a substantial influence on applied theory. He has significantly altered the toolbox available for studying dynamic games, and as a result of his contributions, new areas of economic inquiry have become tractable for rigorous theoretical analysis. The areas of application include the design of securities, contract theory, macroeconomics with financial frictions, market microstructure, and collusion.

Sannikov’s work is impressive. It is elegant, powerful, and it paves the way for further analysis on lots of problems. The early successes highlighted how even simple and well-studied models could yield new insight. His most recent work has tackled more complex models in finance and macroeconomics. Previous models abstracted from crucial economic forces in the name of tractability, but Sannikov’s methods allow models to include the most important forces and thus deliver results that are much more relevant. He is one of the few theorists in many years to have introduced a truly novel tool that changed the way theory is done.

Academic Degrees

  • PhD, Business Administration, Stanford GSB, 2004
  • AB, Mathematics, Princeton University, 2000

Academic Appointments

  • Professor, Economics Department, Princeton University, 2008-2016
  • Visiting Professor of Economics, Harvard University, 2011-2014
  • Assistant Professor, Finance Department, NYU, 2006-2008
  • Visiting Associate Professor, Economics Department, MIT, 2007
  • Assistant Professor, Economics Department, UC Berkeley, 2004-2008
  • Lecturer, Economics Department, Stanford University, 2003

Awards and Honors

  • Clark Medalist, American Economic Association Honors and Awards Committee, 2016
  • Fischer Black Prize, 2015
  • Kiel Excellence Award in Global Economic Affairs, 2014
  • Sloan Fellowship, 2010
  • Annual Schultz Lecture, University of Chicago, 2008
  • Review of Economic Studies Tour, 2004
  • Jaedicke Merit Award for Outstanding Academic Performance, Stanford GSB, 2000-2003
  • Three Gold Medals in International Mathematical Olympiads, 1994-1996
  • Graduated with High Honors from Sevastopol Visual Arts School, 1994

Publications

Journal Articles

Yuliy Sannikov, Markus K. Brunnermeier. American Economic Journal: Macroeconomics . January 2015, Vol. 7, Issue 1, Pages 297-338.
Markus K. Brunnermeier, Yuliy Sannikov. American Economic Review. February 2014, Vol. 104, Issue 2, Pages 379-421.
Dilip Abreu, Yuliy Sannikov. Theoretical Economics. 2014, Vol. 9, Pages 313-338.
Alex Edmans, Xavier Gabaix, Tomas Sadzik, Yuliy Sannikov. The Journal of Finance. October 2012, Vol. 67, Issue 5, Pages 1603-1647.
Eduardo Faingold, Yuliy Sannikov. Econometrica. May 2011, Vol. 79, Issue 3, Pages 773-876.
Yuliy Sannikov, Andrzej Skrzypacz. Econometrica. May 2010, Vol. 78, Issue 3, Pages 847–882.
Yuliy Sannikov. The Review of Economic Studies. July 2008, Vol. 75, Issue 3, Pages 957-984.
Yuliy Sannikov, Andrzej Skrzypacz. American Economic Review. December 2007, Vol. 97, Issue 5, Pages 1794–1823.
Yuliy Sannikov. Econometrica. September 2007, Vol. 75, Issue 5, Pages 1285-1329.
Peter M. DeMarzo, Yuliy Sannikov. Journal of Finance. December 2006, Vol. 61, Issue 6, Pages 2681-2724.

Working Papers

Dynamic Trading: Price Inertia and Front-Running | PDF
Yuliy Sannikov, Andrzej Skrzypacz, December 72016
Optimal Asset Management Contracts with Hidden Savings | PDF
Yuliy Sannikov, Sebastian Di Tella, November 2016
A “Pencil-Sharpening” Algorithm for Two Player Stochastic Games with Perfect Monitoring | PDF
Dilip Abreu, Benjamin Brooks, Yuliy Sannikov, April 282016
The I-Theory of Money | PDF
Markus K. Brunnermeier, Yuliy Sannikov, January 122016
Moral Hazard and Long-Run Incentives | PDF
Yuliy Sannikov, April 222014
Efficiency in the Repeated Prisoner’s Dilemma with Imperfect Private Monitoring | PDF
Kyna Fong, Olivier Gossner, Johannes Horner, Yuliy Sannikov, April 102011

School News

November 2, 2016
This fall, the Stanford Graduate School of Business welcomed six new professors — including the 2016 winner of the prestigious John Bates Clark award, Yuliy Sannikov — and 11 lecturers.