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Working Paper

Federal Grant Policies and Public Sector Scrappage Decisions

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.

Suggested Citation

Cromwell, Brian. 1988. “Federal Grant Policies and Public Sector Scrappage Decisions.” Federal Reserve Bank of Cleveland, Working Paper No. 88-11.