Yuliy Sannikov

Yuliy Sannikov
Professor, Economics
Contact Info
The Jack Steele Parker Professor of Economics
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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.

Awards and Honors

  • Clark Medalist, American Economic Association Honors and Awards Committee, 2016

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.