Working Paper

The impact of capital grants on maintenance in the public sector


Abstract: A study of how state and federal grants affect the maintenance policies of local mass-transit providers, showing that private owners of transit capital devote significantly greater resources to maintenance than do public owners of similar capital.

Keywords: Local transit; Subsidies; Infrastructure (Economics);

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1988

Number: 8812