> fare capture Terminology "fare capture" refers to the % of rides that are paid (vs "stowaways"), not the $ of expenses that are paid by fares. > So, the gov

> fare capture Terminology "fare capture" refers to the % of rides that are paid (vs "stowaways"), not the $ of expenses that are paid by fares. > So, the government is paying $9 subsidy for each rider. This isn't quite right. A proper analysis needs to separate marginal cost from overhead. If the system is not running at capacity, adding more rides would decrease the subsidy per ride.