Charles Plott Quotes

Charles Raymond Plott is an American economist. He currently is Edward S. Harkness Professor of Economics and Political Science at the California Institute of Technology, Director, Laboratory for Experimental Economics and Political Science, and a pioneer in the field of experimental economics. His research is focused on the basic principles of process performance and the use of those principles in the design of new, decentralized processes to solve complex problems. Applications are found in mechanisms for allocating complex items such as the markets for pollution permits in Southern California, the FCC auction of licenses for Personal Communication Systems, the auctions for electric power in California, the allocation of landing rights at the major U.S. airports, access of private trains to public railway tracks, access to natural gas pipelines, the allocation of licenses for offshore aquaculture sites, the combinatorial sale of fleets of vehicles, and the application of complex procurements. Plott has contributed extensively to the development and application of a laboratory experimental methodology in the fields of economics and political science. Wikipedia

✵ 1938

Charles Plott: 3 quotes 0 likes

Famous Charles Plott Quotes

“Almost anything one says or has said about what society wants or should get is threatened with internal inconsistency.”

Charles Plott

Cited in: Sarah Joseph (2004), Political Theory and Power, p. 22

“preferences ⊕ institutions ⊕ physical possibilities = outcomes”

Charles Plott

⊕ refers unspecified abstract operator.
"The application of laboratory experimental methods to public choice". In C.S. Russell (Ed.), Collective decision making: Applications from public choice theory (1979)