Once an icon of the American west, bison are now hazed through costly government-driven efforts and killed in droves around Yellowstone National Park during the winter. Their crime: migrating outside of the park's borders onto public and private land in Montana, searching for food.
Environmentalists, politicians, and scholars express concern about a "race to the bottom" in environmental policy. Yet economic theory indicates that a race to the bottom in environmental policy is highly unlikely, and there is little evidence that such races have, in fact, occurred.
The authors explore the history of eminent domain in the United Statesâ€”a history characterized by periodic public backlash.