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We characterize the finite variation property for stationary increment mixed moving averages driven by infinitely divisible random measures. Such processes include fractional and moving average processes driven by Levy processes, and also…

Probability · Mathematics 2013-01-29 Andreas Basse-O'Connor , Jan Rosiński

The linear fractional stable motion generalizes two prominent classes of stochastic processes, namely stable L\'evy processes, and fractional Brownian motion. For this reason it may be regarded as a basic building block for continuous time…

Statistics Theory · Mathematics 2022-08-17 Fabian Mies , Mark Podolskij

Multistable L\'evy motions are extensions of L\'evy motions where the stability index is allowed to vary in time. Several constructions of these processes have been introduced recently, based on Poisson and Ferguson-Klass-LePage series…

Probability · Mathematics 2015-03-24 Xiequan Fan , Jacques Lévy Véhel

In this paper, we derive asymptotic results for L^1-Wasserstein distance between the distribution function and the corresponding empirical distribution function of a stationary sequence. Next, we give some applications to dynamical systems…

Probability · Mathematics 2008-12-16 Sophie Dede

We consider different limit theorems for additive and multiplicative free L\'evy processes. The main results are concerned with positive and unitary multiplicative free L\'evy processes at small time, showing convergence to log free stable…

Probability · Mathematics 2018-10-05 Octavio Arizmendi , Takahiro Hasebe

This paper derives the asymptotic behavior of realized power variation of pure-jump It\^{o} semimartingales as the sampling frequency within a fixed interval increases to infinity. We prove convergence in probability and an associated…

Probability · Mathematics 2011-04-07 Viktor Todorov , George Tauchen

In this paper we investigate the asymptotic properties of the wait-first and jump-first L\'evy walk with rest, which is a generalization of standard jump-first and jump-first L\'evy walk that assumes each waiting time in the model is a sum…

Probability · Mathematics 2018-05-28 Marek Teuerle

We examine the asymptotic behaviour of the sample autocovariance in a continuous-time moving average model with long-range dependence. We show that it is either asymptotically Rosenblatt distributed or stable distributed. This shows that…

Probability · Mathematics 2015-11-24 Felix Spangenberg

Consider compound Poisson processes with negative drift and no negative jumps, which converge to some spectrally positive L\'evy process with non-zero L\'evy measure. In this paper we study the asymptotic behavior of the local time process,…

Probability · Mathematics 2013-05-24 Amaury Lambert , Florian Simatos

The now classical convergence in distribution theorem for well normalized sums ofstationary martingale increments has been extended to multi-indexed martingaleincrements (see Voln\'{y} (2019) and references in there). In the presentarticle…

Dynamical Systems · Mathematics 2024-05-24 Davide Giraudo , Emmanuel Lesigne , Dalibor Volny

A L{\'e}vy walk of order $\beta$ is studied on an interval of length $L$, driven out of equilibrium by different-density boundary baths. The anomalous current generated under these settings is nonlocally related to the density profile…

Statistical Mechanics · Physics 2020-02-13 Asaf Miron

In this paper we derive a technique of obtaining limit theorems for suprema of L\'evy processes from their random walk counterparts. For each $a>0$, let $\{Y^{(a)}_n:n\ge 1\}$ be a sequence of independent and identically distributed random…

Probability · Mathematics 2011-05-23 Kamil Marcin Kosinski , Onno Boxma , Bert Zwart

In this paper we study the asymptotic theory for quadratic variation of a harmonizable fractional $\al$-stable process. We show a law of large numbers with a non-ergodic limit and obtain weak convergence towards a L\'evy-driven Rosenblatt…

Probability · Mathematics 2023-02-28 Andreas Basse-O'Connor , Mark Podolskij

This paper provides an extended case study of the cutoff phenomenon for a prototypical class of nonlinear Langevin systems with a single stable state perturbed by an additive pure jump L\'evy noise of small amplitude $\varepsilon>0$, where…

Probability · Mathematics 2023-05-05 G. Barrera , Michael A. Högele , J. C. Pardo

For a general free L\'evy process, we prove the existence of its higher variation processes as limits in distribution, and identify the limits in terms of the L\'evy-It\^o representation of the original process. For a general free compound…

Operator Algebras · Mathematics 2023-04-07 Michael Anshelevich , Zhichao Wang

\cite{HillMotegi2017} present a new general asymptotic theory for the maximum of a random array $\{\mathcal{X}_{n}(i)$ $:$ $1$ $\leq $ $i$ $\leq $ $\mathcal{L}\}_{n\geq 1}$, where each $\mathcal{X}_{n}(i)$ is assumed to converge in…

Statistics Theory · Mathematics 2018-02-27 Jonathan B. Hill

We study the asymptotic tail behaviour of the first-passage time over a moving boundary for asymptotically $\alpha$-stable L\'evy processes with $\alpha<1$. Our main result states that if the left tail of the L\'evy measure is regularly…

Probability · Mathematics 2015-01-14 Frank Aurzada , Tanja Kramm

The aim of this paper is to present a result of discrete approximation of some class of stable self-similar stationary increments processes. The properties of such processes were intensively investigated, but little is known on the context…

Probability · Mathematics 2008-01-18 Clément Dombry , Nadine Guillotin-Plantard

We consider a natural model of inhomogeneous random graphs that extends the classical Erd\H os-R\'enyi graphs and shares a close connection with the multiplicative coalescence, as pointed out by Aldous [AOP 1997]. In this model, the…

Probability · Mathematics 2020-02-10 Nicolas Broutin , Thomas Duquesne , Minmin Wang

We develop at-the-money call-price and implied volatility asymptotic expansions in time to maturity for a class of asset-price models whose log returns follow a L\'evy process. Under mild assumptions placing the driving L\'evy process in…

Pricing of Securities · Quantitative Finance 2026-05-25 Allen Hoffmeyer , Christian Houdré