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Biagini, Francesca; Reitsam, Thomas
Stochastic analysis and applications, 01/2023, Letnik: 41, Številka: 1Journal Article
We extend the super-replication theorem in a dynamic setting, both in the numéraire-based as well as in the numéraire-free setting. For this purpose, we generalize the notion of admissible strategies. In particular, we obtain a well-defined super-replication price process, which is right-continuous under some regularity assumptions.
