studied in the literature and its terminal value, which dominates the claim of interest, is the so-called facelift transform … coincide with the exact replication price and strategy of the facelift transform of this claim. In dimension 1, we observe that …

-called facelift transform of the claim. We investigate under which conditions the superreplication price and strategy of a large class … of claims coincide with the exact replication price and strategy of the facelift transform of this claim. In one …

We establish the existence and characterization of a primal and a dual facelift - discontinuity of the value function … lower- and upper-hedging problems, and somewhat unexpectedly, a facelift turns out to exist in utility-maximization despite …