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Read the Metrolink case study beginning on page 342 of the text as well as the Reuters article on train safety rules: Buffett May Benefit as Train Lobby Bids to Weaken Safety Rule.

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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?