Econometric modelling of transport costs and efficiency; electric cars; freight choice models; hybrid cars; Impact of reforms on economic efficiency; incentives; pricing; rail passenger demand forecasting; regulation; Transport costs; transport efficiency; transport investment; transport regulation; value of time studies ________________________________________ Summary We have a common interest in understanding the economics of transport from demand and supply-side perspectives, how this impacts on individual travel decisions, and assessing the overall business case for transport investment and wider interventions. We have world-leading academics in this area producing high-quality, high-impact research with a clear link to the policy.