Federal grant policies and public sector scrappage decisions

Brian A. Cromwell

No 8811, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

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 (search for similar items in EconPapers)
Date: 1988
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