Performance of utility-based strategies for hedging basis risk

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Optimal hedging and parameter uncertainty (2007, methodology): “We consider a basis risk model, involving a traded assetS and a nontraded assetY, following correlated log-Brownian motions, as inDavis(2006), Monoyios(2004b), Henderson(2002) andMusiela & Zariphopoulou(2004).”
Optimal Hedging with Basis Risk (2006, background): “Meanwhile other authors including Akahori [ 1 ], Henderson and Hobson [7], [8], [9], and Musiela and Zariphopoulou [14], had joined the party with alternative approaches and new results.”
Asymptotic analysis of utility-based hedging strategies for small number of contingent claims (2007, background): “For example, in the framework of Black and Scholes model with basis risk and for power and exponential utilities, Davis [1] and further Monoyios [13,14] approximate hedging strategies with respect to the small parameter 1 − ρ2, where ρ is the correlation between traded and non-traded assets.”