Scholars@Duke
Paymon Khorrami

Paymon Khorrami

Assistant Professor of Business Administration
Fuqua School of Business
paymon.khorrami@duke.edu
P.O. Box 90120, Durham, NC 27708
100 Fuqua Drive, Durham, NC 27708

Selected Publications

Segmentation and beliefs: A theory of self-fulfilling idiosyncratic risk

Journal Article Journal of Economic Theory · January 1, 2025 We study a multi-location general equilibrium model with financial market segmentation that permits self-fulfilling fluctuations. In a precise sense, such fluctuations are most often redistributive, but their volatility varies systematically with an aggreg ... Full text Cite

Comparative Valuation Dynamics in Production Economies: Long-Run Uncertainty, Heterogeneity, and Market Frictions

Journal Article Annual Review of Financial Economics · November 1, 2024 We compare and contrast production economies exposed to long-run uncertainty with investors that have possibly different preferences and/or access to financial markets. We study the macroeconomic and asset-pricing properties of these models, identify commo ... Full text Cite