Transit Safety in Toronto

Paper Summary:

This paper discusses the economics of transit safety in the Toronto system, noting the way the system has adopted new technology and has done so in a way that also increased ridership thereby increases revenues and making it possible to be able to pay for new technology that can assure the safety commuters require.showing hos different purposes and different functions are intertwined."

From the Paper:

"Transportation is a vital social function supported by government even to the point of subsidies and often governed by regulation. One of the main rationales for regulation is safety, and transportation involves a number of safety issues addressed by law and based in part on a cost-benefit analysis of the economic issues involved. Absolute safety is impossible to achieve, and even approaching that level could be prohibitively expensive."

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