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We introduce a simple model for equity index derivatives. The model generalizes well known L\`evy Normal Tempered Stable processes (e.g. NIG and VG) with time dependent parameters. It accurately fits Equity index implied volatility surfaces…

Mathematical Finance · Quantitative Finance 2022-01-04 Michele Azzone , Roberto Baviera

Many time-dependent linear partial differential equations of mathematical physics and continuum mechanics can be phrased in the form of an abstract evolutionary system defined on a Hilbert space. In this paper we discuss a general framework…

Analysis of PDEs · Mathematics 2019-05-09 Stefan Neukamm , Mario Varga , Marcus Waurick

We obtain the lower bounds for ergodic convergence rates, including spectral gaps and convergence rates in strong ergodicity for time-changed symmetric L\'{e}vy processes by using harmonic function and reversible measure. As direct…

Probability · Mathematics 2021-09-08 Tao Wang

Semilinear, $N-$dimensional stochastic differential equations (SDEs) driven by additive L\'evy noise are investigated. Specifically, given $\alpha\in\left(\frac{1}{2},1\right)$, the interest is on SDEs driven by $2\alpha-$stable,…

Probability · Mathematics 2022-10-07 Alessandro Bondi

We investigate the stochastic evolution equations describing the motion of a Non-Newtonian fluids excited by multiplicative noise of L\'evy type. By making use of Galerkin approximation we can prove that the system has a global…

Probability · Mathematics 2014-05-15 Erika Hausenblas , Paul Andre Razafimandimby

Existence and uniqueness of mild solutions to a class of semilinear stochastic evolution equations with additive noise is proved. The linear part of the drift term is the generator of a compact semigroup of contractions, while the nonlinear…

Probability · Mathematics 2025-12-23 Carlo Marinelli

We apply functional analytical and variational methods in order to study well-posedness and qualitative properties of evolution equations on product Hilbert spaces. To this aim we introduce an algebraic formalism for matrices of…

Functional Analysis · Mathematics 2010-05-13 Stefano Cardanobile , Delio Mugnolo

We propose a new approach to the study of (nonlinear) growth and instability for semilinear evolution equations with compact nonlinearities. We show, in particular, that compact nonlinear perturbations of a linear evolution equation can be…

Analysis of PDEs · Mathematics 2023-09-27 Vladimir Müller , Roland Schnaubelt , Yuri Tomilov

We study generalized solutions of an evolutionary equation related to some densely defined skew-symmetric operator in a real Hilbert space. We establish existence of a contractive semigroup, which provides generalized solutions, and suggest…

Analysis of PDEs · Mathematics 2025-04-24 Evgeny Yu. Panov

With a view to computing fluctuation identities related to stable processes, we review and extend the class of hypergeometric L\'evy processes explored in Kuznetsov and Pardo (arXiv:1012.0817). We give the Wiener-Hopf factorisation of a…

Probability · Mathematics 2021-01-22 A. E. Kyprianou , J. C. Pardo , A. R. Watson

Hilbert evolution algebras generalize evolution algebras through a framework of Hilbert spaces. In this work we focus on infinite-dimensional Hilbert evolution algebras and their representation through a suitably defined weighted digraph.…

Rings and Algebras · Mathematics 2024-05-01 Paula Cadavid , Pablo M. Rodriguez , Sebastian J. Vidal

This survey is devoted to the asymptotic behavior of solutions of evolution equations generated by maximal monotone operators in Hilbert spaces. The emphasis is in the comparison of the continuous time trajectories to sequences generated by…

Optimization and Control · Mathematics 2009-05-11 Juan Peypouquet , Sylvain Sorin

We discuss the ergodic properties of quasi-Markovian stochastic differential equations, providing general conditions that ensure existence and uniqueness of a smooth invariant distribution and exponential convergence of the evolution…

Probability · Mathematics 2018-11-13 Benedict Leimkuhler , Matthias Sachs

By using absolutely continuous lower bounds of the L\'evy measure, explicit gradient estimates are derived for the semigroup of the corresponding L\'evy process with a linear drift. A derivative formula is presented for the conditional…

Probability · Mathematics 2011-03-16 Feng-Yu Wang

Based on the explicit coupling property, the ergodicity and the exponential ergodicity of L\'{e}vy driven Ornstein-Uhlenbeck processes are established.

Probability · Mathematics 2012-05-22 Jian Wang

We construct a Hunt process that can be described as an isotropic $\alpha$-stable L\'evy process reflected from the complement of a bounded open Lipschitz set. In fact, we introduce a new analytic method for concatenating Markov processes.…

Probability · Mathematics 2024-10-07 Krzysztof Bogdan , Markus Kunze

Existence, uniqueness and stability of the solutions of linear stochastic evolution equations are investigated. The results obtained are used to prove theorems on solvability of linear second order stochastic partial differential equations…

Probability · Mathematics 2024-09-30 István Gyöngy , Nicolai V. Krylov

In this article we consider the Levy processes and the corresponding semigroup. We represent the generator of this semigroup in a convolution form. Using the obtained convolution form and the theory of integral equations we investigate the…

Probability · Mathematics 2011-04-05 Lev Sakhnovich

We study the exponential stability of evolutionary equations. The focus is laid on second order problems and we provide a way to rewrite them as a suitable first order evolutionary equation, for which the stability can be proved by using…

Analysis of PDEs · Mathematics 2015-05-11 Sascha Trostorff

Covariant Lyapunov vectors (CLVs) are intrinsic modes that describe long-term linear perturbations of solutions of dynamical systems. With recent advances in the context of semi-invertible multiplicative ergodic theorems, existence of CLVs…

Dynamical Systems · Mathematics 2021-07-26 Florian Noethen