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Federal grant policies and public sector scrappage decisions

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  • Brian A. Cromwell

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.

Suggested Citation

  • Brian A. Cromwell, 1988. "Federal grant policies and public sector scrappage decisions," Working Papers (Old Series) 8811, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:8811
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