In a natural resources management context, cost benefit analysis involves subtracting the monetary costs of a development from the monetary value of all the benefits generated by the same development to obtain a net monetary benefit or cost for the proposed activity. "Benefits" or "costs" for various management or land use options for a particular area can be compared. Usually the method with t...

there is no reason to think that the losers, in terms of relative position, had any entitlement to their antecedent relative position; and we are not, after all, speaking of redistribution from poor to rich. On distributional concerns and cost-benefit analysis, see various papers in Symposium, J. Legal Stud.