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Open biomass burning (OBB) negatively impacts air quality by discharging abundant fine particulate matter (PM2.5, aerodynamic diameter ≤2.5 µm) and trace gases. The statistical methods and numerical simulations have been used to estimate emissions from OBB. The former is poor in producing reliable distributions and transport of emissions, while studies with the latter have focused on cases analysis over short periods. This study investigates the multi-year evaluation of OBB and its contribution to PM2.5 and black carbon (BC) based on satellite observations and numerical modeling over the North China Plain. The number of fires increased by 206% from 2008 to 2012, and decreased by 84% from 2012 to 2016, indicating that the implementation of straw burning ban policy had achieved significant positive effects. The simulation from Weather Research and Forecasting model coupled with chemistry showed that the surface concentrations of PM2.5 and BC emitted by OBB in the burning source area increased from 22 and 3.22 μg/m3, respectively, in 2008 to 45.77 and 6.47 μg/m3, respectively, in 2012, and then decreased to 1.41 and 0.22 μg/m3, respectively, in 2016. The differentiated impacts on air quality of policies across provinces are also investigated. Open crop straw burning was banned early in Shandong and Henan provinces, but they suffer from poor air quality due to open straw burning until the effective straw burning ban in Anhui and Jiangsu provinces, which suggests the need for interregional collaboration for pollution control. [ABSTRACT FROM AUTHOR]

This study tests whether modulating a brain region associated with cognitive control using noninvasive brain stimulation affects the disposition effect. A participant trades stocks in an experimental asset market while their level of cognitive control is exogenously manipulated by applying weak current stimulation to a control-related cortical region. We find that the stimulation significantly affects the participant's cognitive control and tendency to exhibit the disposition effect. This result is also obtained for financial professionals. We thus provide evidence that cognitive control is important for the disposition effect. This paper was accepted by Bruno Biais, finance. Funding: X. Niu acknowledges financial support from the National Natural Science Foundation of China [Grant 72203132], Taishan Scholar Program of Shandong Province [Grant tsqn201909013], and Natural Science Foundation of Shandong Province [Grant ZR2022QG048]. J. Li acknowledges financial support from the National Social Science Foundation of China [Grant 20AZD044], Natural Science Foundation of Shandong Province [Grant ZR2022MG068], and Project of Humanities and Social Sciences of Shandong University [Grant 21RWZD15]. Q. Cao acknowledges financial support from the Social Science Foundation of Jiangsu Province [Grant 21GLC006]. The authors also acknowledge financial support from the Major Project of the National Natural Science Foundation of China [Grant 72192842]. Supplemental Material: The data files and online appendix are available at https://doi.org/10.1287/mnsc.2022.4596. [ABSTRACT FROM AUTHOR]