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Charles Plott
Charles Raymond Plott (born July 8, 1938) 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.
==Awards and Memberships==
Memberships include National Academy of Sciences, 2007; American Academy of Arts and Sciences, 1985; Distinguished Fellow of American Economic Association; Centre for Market Design, Victoria, Board Member; Fellow of the Econometric Society; Public Choice Society, President 1976-1978; Southern Economic Association, Executive Committee 1977-1978, vice president 1985-1987, president 1989-90; Economic Science Association, president 1987-1988; Western Economic Association International, vice president, 1996, president 1999.
Recent awards include GAIM Research Paper of the Year 2006 Award; Economic Inquiry 2006 Best Article; GSAM Quant Best Paper Prize, Review of Finance; Journal of Financial Markets 2003 Best Paper Award; Journal of Finance Markets Award, and others.
Charles Plott has held the positions of president of the Society for the Advancement of Economic Theory,〔(SAET Past Presidents )〕 president of the Western Economic Association International,〔(WEAI Past Presidents )〕 president of The Mont Pelerin Society, and others.
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