Working Paper
Federal grant policies and public sector scrappage decisions
Abstract: An examination of capital policies in the public and private sector through analysis of the scrappage decisions of local mass-transit providers, showing that the structure of federal grants has a direct impact on scrappage rates that leads to shorter equipment life in the local public sector.
Keywords: Infrastructure (Economics); Municipal finance;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1988
Number: 8811