Lone Mountain Fellowship offers a unique opportunity for scholars, journalists, policy-makers, and environmentalists to advance our understanding of the role of markets and property rights in protecting and enhancing environmental resources. Lone Mountain Fellows are residents at PERC in Bozeman, Montana, for periods ranging from a week to a year, depending on the nature of their projects. Stipends for Lone Mountain Fellows vary with the nature of the work, duration of residence at PERC, and the Fellow’s qualifications.