Read the Metrolink case study beginning on page 342 of the text as well as the Reuters article on train safety rules: https://www.reuters.com/article/usa-train-regulations/insight-buffett-may-benefit-as-train-lobby-bids-to-weaken-safety-rule-idUSL2N0ZT0VW20150714
In your post, consider the following questions:
- What was the cause of the Metrolink accident and could it have been avoided?
- Is the high cost of train control justified by the likely safety gains for passengers?
- Is the money spent to regulate railroad safety being spent in the most efficient way to reduce the risks of death and injury in society?
- If you had been a lobbyist wishing to influence safety legislation after the crash, what would your strategy have been?