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For strongly positively recurrent countable state Markov shifts, we bound the distance between an invariant measure and the measure of maximal entropy in terms of the difference of their entropies. This extends an earlier result for…

Dynamical Systems · Mathematics 2021-12-03 René Rühr , Omri Sarig

Non-Markovian models have great expressive power, at the cost of complex analysis of the stochastic process. The method of Stochastic State Classes (SSCs) derives closed-form analytical expressions for the joint Probability Density…

Logic in Computer Science · Computer Science 2024-10-24 Gabriel Dengler , Laura Carnevali , Carlos E. Budde , Enrico Vicario

Up to now, the nonparametric analysis of multidimensional continuous-time Markov processes has focussed strongly on specific model choices, mostly related to symmetry of the semigroup. While this approach allows to study the performance of…

Statistics Theory · Mathematics 2022-11-04 Niklas Dexheimer , Claudia Strauch , Lukas Trottner

We give conditions under which near-critical stochastic processes on the half-line have infinitely many or finitely many cutpoints, generalizing existing results on nearest-neighbour random walks to adapted processes with bounded increments…

Probability · Mathematics 2022-03-21 Chak Hei Lo , Mikhail V. Menshikov , Andrew R. Wade

We study the random acceleration model, which is perhaps one of the simplest, yet nontrivial, non-Markov stochastic processes, and is key to many applications. For this non-Markov process, we present exact analytical results for the…

Statistical Mechanics · Physics 2019-09-04 Satya N. Majumdar , Alberto Rosso , Andrea Zoia

We consider almost upper semi-continuous processes defined on a finite Markov chain. The distributions of the functionals associated with the exit from a finite interval are studied. We also consider some modification of these processes.

Probability · Mathematics 2009-09-09 Ievgen Karnaukh

In this paper is described the general aspect of a numerical method for piecewise determin-istic Markov processes with boundary. Under very natural hypotheses, a crucial result about uniqueness of solution of a generalized Kolmogorov…

Analysis of PDEs · Mathematics 2018-10-25 Ludovic Goudenège

Recently, a class of stochastic processes known as piecewise deterministic Markov processes has been used to define continuous-time Markov chain Monte Carlo algorithms with a number of attractive properties, including compatibility with…

Computation · Statistics 2019-06-03 Alexander Terenin , Daniel Thorngren

The goal of this work is to formally abstract a Markov process evolving in discrete time over a general state space as a finite-state Markov chain, with the objective of precisely approximating its state probability distribution in time,…

Logic in Computer Science · Computer Science 2017-01-11 Sadegh Esmaeil Zadeh Soudjani , Alessandro Abate

This paper studies three ways to construct a nonhomogeneous jump Markov process: (i) via a compensator of the random measure of a multivariate point process, (ii) as a minimal solution of the backward Kolmogorov equation, and (iii) as a…

Probability · Mathematics 2013-04-09 Eugene A. Feinberg , Manasa Mandava , Albert N. Shiryaev

For a network of discrete states with a periodically driven Markovian dynamics, we develop an inference scheme for an external observer who has access to some transitions. Based on waiting-time distributions between these transitions, the…

Statistical Mechanics · Physics 2024-09-12 Alexander M. Maier , Julius Degünther , Jann van der Meer , Udo Seifert

This paper explicitly computes the transition densities of a spectrally negative stable process with index greater than one, reflected at its infimum. First we derive the forward equation using the theory of sun-dual semigroups. The…

Probability · Mathematics 2016-11-28 Boris Baeumer , Mihály Kovács , Mark M. Meerschaert , René L. Schilling , Peter Straka

This paper extends the analysis of Muni Toke and Yoshida (2020) to the case of marked point processes. We consider multiple marked point processes with intensities defined by three multiplicative components, namely a common baseline…

Trading and Market Microstructure · Quantitative Finance 2022-01-04 Ioane Muni Toke , Nakahiro Yoshida

We consider a time inhomogeneous strong Markov process $(\xi_t)_{t\ge 0}$ taking values in a Polish state space whose semigroup has a $T$-periodic structure. We give simple conditions which imply ergodicity of the grid chain…

Probability · Mathematics 2011-03-09 Reinhard Hoepfner , Eva Loecherbach

A formula for the transition density of a Markov process defined by an infinite-dimensional stochastic equation is given in terms of the Ornstein--Uhlenbeck bridge and a useful lower estimate on the density is provided. As a consequence,…

Probability · Mathematics 2007-05-23 B. Goldys , B. Maslowski

This paper describes the structure of optimal policies for infinite-state Markov Decision Processes with setwise continuous transition probabilities. The action sets may be noncompact. The objective criteria are either the expected total…

Optimization and Control · Mathematics 2021-08-03 Eugene A. Feinberg , Pavlo O. Kasyanov

We analyze multidimensional Markovian integral equations that are formulated with a time-inhomogeneous progressive Markov process that has Borel measurable transition probabilities. In the case of a path-dependent diffusion process, the…

Probability · Mathematics 2021-03-09 Alexander Kalinin

A new sufficient condition is proved for the existence of stochastic semigroups generated by the sum of two unbounded operators. It is applied to one-dimensional piecewise deterministic Markov processes, where we also discuss the existence…

Analysis of PDEs · Mathematics 2009-07-07 Michael C. Mackey , Marta Tyran-Kaminska

The construction presented in this paper can be briefly described as follows: starting from any "finite-dimensional" Markov transition function p_t, on a measurable state space (E,B), we construct a strong Markov process on a certain…

Probability · Mathematics 2013-03-13 Robert J. Vanderbei

We study existence and uniqueness of invariant probability measures for continuous-time Markov processes on general state spaces. Existence is obtained from tightness of time averages under a weak regularity assumption inspired by…

Probability · Mathematics 2026-01-21 Jean-Gabriel Attali