The BART system was not in our sample. To date it
has not been operating at the level of service for which it
was designed, but our cost functions permit estimating
the opera@ cost from parametric assumptions. The
wage, electricity price, trackage, and output assumptions
are given in Table 3. The estimates were made at a 22.7
million a-mile ammal level of output using Models 3
and 4.
The estimates of BART’s short-run operating costs
(SROC) are not far from the costs actually budgeted in
1975/76. To the extent that BART’s automated design was
intended to be capital intense in order to conserve on labor
expenses, we would expect its operating costs to be 16wer