Although many researchers have investigated the value of open space in cities, few of them have compared them to the costs of providing this amenity. In this paper, we use the monocentric model of a city to derive a simple cost-benefit rule for the optimal provision of open space. The rule is...

There are many reasons that the losses caused by extreme weather events are escalating year by year in Hungary. They include Hungary's geographical characteristics, climate change, river regulation and the expansion of cultivated land. Changes in land use have hugely damaged natural capital,...