FACULTY AWARD: Sannikov wins Clark Medal for work in economics

Yuliy Sannikov, a professor of economics, has been awarded the 2016 John Bates Clark Medal by the American Economic Association (AEA). The award recognizes an economist under age 40 who has made significant contributions to the field.

Sannikov's research interests include game theory, contract theory, macroeconomics and financial frictions, corporate finance, market microstructure, security design, and computation. In making the award announcement, the AEA said his work "is elegant, powerful, and it paves the way for further analysis on lots of problems."