In this PERC Case Study, Sierra Crane-Murdoch explores the challenges facing a tribe atop the nation’s biggest oil play. While mineral owners off the reservation have earned thousands of dollars for each acre leased, most allottees within have earned only a few hundred.
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.