Incorporating accident risk and disruption in economic models of public transport

Safety has always been an important consideration in the operation of public transport but, until recently, it has not been a major consideration in the economics of public transport. The major economic concerns have been fare levels, service levels, subsidy, and the economic regime in which public transport is provided. However, safety may be regarded as an economic attribute of transport because it is valued by users and it costs resources to provide. Language: en