Capital Subsidies and the Infrastructure Crisis: Evidence from the Local Mass-Transit Industry
总结了两项关于公共交通行业的最新实证研究,表明联邦资本补贴显著影响州和地方政府的基建决策。
The author examines and summarizes empirical evidence from two recent studies of the mass-transit industry that suggest federal capital subsidies have important effects on infrastructure decisions of state and local governments.