If there is quenching in the PL of a material due to the addition of another material, can that be observed in terms of change in current in the typical V-I characteristics (in two probe measurement) of a composite of those two materials?
In many organic bulk heterojunction solar cells, you'll find a good quenching measurement is an indication of a good solar cell. There, the current change is the current in the reverse bias, which leads to short circuit current. Researchers, however, rarely carry out a comparable measurement with just one material because they know that reverse current would be negligible. It's well-established in the 80s from the work of Dr. Tang (http://aip.scitation.org/doi/abs/10.1063/1.96937).