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.
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.