The Impact of Capital Grants on Maintenance in the Local Public Sector
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.
Suggested citation: Cromwell, Brian, 1988. “The Impact of Capital Grants on Maintenance in the Local Public Sector,” Federal Reserve Bank of Cleveland, Working Paper no. 88-12.