English

Positive self-similar Markov processes obtained by resurrection

Probability 2023-04-13 v3

Abstract

In this paper we study positive self-similar Markov processes obtained by (partially) resurrecting a strictly α\alpha-stable process at its first exit time from (0,)(0,\infty). We construct those processes by using the Lamperti transform. We explain their long term behavior and give conditions for absorption at 0 in finite time. In case the process is absorbed at 0 in finite time, we give a necessary and sufficient condition for the existence of a recurrent extension. The motivation to study resurrected processes comes from the fact that their jump kernels may explode at zero. We establish sharp two-sided jump kernel estimates for a large class of resurrected stable processes.

Keywords

Cite

@article{arxiv.2206.06189,
  title  = {Positive self-similar Markov processes obtained by resurrection},
  author = {Panki Kim and Renming Song and Zoran Vondraček},
  journal= {arXiv preprint arXiv:2206.06189},
  year   = {2023}
}

Comments

Several typos corrected

R2 v1 2026-06-24T11:49:00.942Z