Maximal land price of reference country × price index (px i ) [$/ha].
According to Proposition 5, in any market model regular on [t,T], a replication cost is unique and it is the maximal fair price at time t for the hedger with the endowment x t at time t.
Unfortunately, the definitive answer is not available, in general, since it may happen that it is indeed the maximal fair price, but it may also occur that it represents the cost of a strict superhedging strategy.
The rationale is that no SS will be ignored by all senders because the BS can at least consider serving all SSs if the maximal unit price is given.
This means that no hedger's arbitrage opportunity arises (that is, no strict superhedging strategy for (mathcal {C} ) exists) if (mathcal {C} ) is traded at time 0 at its replication cost (p^{r}_{0} x,mathcal {C})) and thus we conclude that (p^{r}_{0} x,mathcal {C})) is the maximal fair price meaning that (p^{r}_{0} x,mathcal {C})= overline {p}^{f}_{0} x,mathcal {C})).
The upper-left plot depicts the case with (maximal) Nash equilibrium prices [ 3.53,3.53,3.53], in which no generator benefits when Γ 1>1.
Our first result gives a double characterization of the VCG prices, first as distances in a certain residue graph and second as the minimal (for buyers) and maximal (for sellers) equilibrium prices.
Based on different time horizons, maximal powers to grid, prices of BESS, the optimal parameters of BESS and its potential to electric energy cost savings are systematically compared for the three homes.
Indeed, as already explained, with three other questions ("camera", "car tax noise" and "flight tax"), they composed a group characterized by the maximal disagreement with transport pricing.
