{"id":20896,"date":"2025-07-28T11:49:39","date_gmt":"2025-07-28T09:49:39","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-en\/?post_type=events&#038;p=20896"},"modified":"2025-07-28T11:49:40","modified_gmt":"2025-07-28T09:49:40","slug":"dem-lunch-seminar-with-doruk-cetemen-luiss-guido-carli-rome-it","status":"publish","type":"events","link":"https:\/\/www.uni.lu\/fdef-en\/events\/dem-lunch-seminar-with-doruk-cetemen-luiss-guido-carli-rome-it\/","title":{"rendered":"DEM Lunch Seminar with Doruk Cetemen, Luiss Guido Carli, Rome, IT"},"content":{"rendered":"\n<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\">\n<p><\/p>\n\n\n\n<ul class=\"wp-block-unilux-blocks-custom-buttons btn-list\"><li class=\"wp-block-unilux-blocks-custom-button\"    aria-disabled=\"false\"\n    >\n    <a\n        role=\"link\"\n        aria-disabled=\"false\"\n                    href=\"https:\/\/www.eventbrite.fr\/e\/dem-lunch-seminar-doruk-cetemen-luiss-guido-carli-rome-it-registration-1535249635989?aff=oddtdtcreator\"\n                target=\"_self\"\n        class=\"btn btn--primary\"\n            >Register<\/a>\n<\/li>\n\n\n<li class=\"wp-block-unilux-blocks-custom-button\"    aria-disabled=\"false\"\n    >\n    <a\n        role=\"link\"\n        aria-disabled=\"false\"\n                    href=\"https:\/\/www.uni.lu\/fdef-en\/calendar?post_type=events&#038;p=20896&#038;calendar\"\n                target=\"_self\"\n        class=\"btn btn--secondary\"\n            >Add to calendar<\/a>\n<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u00a0Regulating Pre-Election Spending: A Dynamic Analysis<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Abstract<\/strong><\/p>\n\n\n\n<p>We analyze optimal fiscal rules to mitigate electoral distortions in government spending. An incumbent seeking reelection distorts spending in two ways: (1) by concentrating expenditures closer to the election (timing misalignment), and (2) by targeting narrow benefits while disregarding diffuse costs (scope misalignment). We formulate this as a dynamic mechanism problem without transfers and demonstrate that when distortions stem solely from timing misalignment, the optimal policy is an abrupt spending ban allowing unrestricted spending until a fixed pre-election date, after which spending is entirely prohibited. This matches commonly observed electoral &#8220;blackout periods.&#8221; However, when scope misalignment is also present, the optimal policy becomes a continuous restriction that tightens gradually as the election nears. Thus, while real-world institutions exclusively implement the abrupt ban due to its enforceability, this comes at a welfare cost.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>About the speaker<\/strong><\/p>\n\n\n\n<p>Doruk Cetemen is an Associate Professor of Economics at Luiss Guido Carli and a Research Affiliate at EIEF. His research lies in economic theory, with an emphasis on dynamic contracting and information economics. He is the recipient of a European Research Council (ERC) Starting Grant (grant no. 101165373). His work has appeared in the Journal of Political Economy, Journal of Finance, and Theoretical Economics (where it received the Best Paper Prize). He serves as an Associate Editor at the European Economic Review.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Language<\/strong><\/p>\n\n\n\n<p>English<\/p>\n\n\n\n<p>This is a free seminar. Registration is mandatory.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><figure class=\"wp-block-dev4-reusable-blocks-image  object-fit--scale-down\">\n    \n<img decoding=\"async\" class=\"wp-block-image unilux-custom-image-block\"\n                alt=\"\"\n            src=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2025\/06\/18105657\/FNR_LOGO.png\"\n                srcset=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2025\/06\/18105657\/FNR_LOGO-300x50.png 300w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2025\/06\/18105657\/FNR_LOGO-1024x172.png 1024w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2025\/06\/18105657\/FNR_LOGO-768x129.png 768w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2025\/06\/18105657\/FNR_LOGO-1536x258.png 1536w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2025\/06\/18105657\/FNR_LOGO-2048x344.png 2048w\"\n                style=\"object-position: 50.00% 50.00%; font-family: &quot;object-fit: scale-down; object-position: 50.00% 50.00%;&quot;; aspect-ratio: 16\/9; object-fit: scale-down; width: 75%;\"\n        loading=\"lazy\"\n\/>    <\/figure><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p><br><br><br><br>Supported by the Fond National de la Recherche<br>Luxembourg (19441346)<\/p>\n<\/div>\n<\/div>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":99,"featured_media":10247,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"event_start_date":"2026-03-18 13:00:00","event_end_date":"2026-03-18 14:00:00","event_speaker_name":"Doruk Cetemen","event_speaker_link":"https:\/\/pure.royalholloway.ac.uk\/en\/persons\/doruk-cetemen","event_is_online":false,"event_location":"Universit\u00e9 du Luxembourg - 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