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.
Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.
Suggested Citation
Cromwell, Brian. 1988. “Federal Grant Policies and Public Sector Scrappage Decisions.” Federal Reserve Bank of Cleveland, Working Paper No. 88-11.
- Share