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Semi-Levy process is an additive process with periodically stationary increments. In particular, it is a generalization of Levy process. The dichotomy of recurrence and transience of Levy processes is well known, but this is not necessarily…

Probability · Mathematics 2012-09-19 Makoto Maejima , Taisuke Takamune , Yohei Ueda

Consider a spectrally positive L\'evy process $Z$ with log-Laplace exponent $\Psi$ and a positive continuous function $R$ on $(0,\infty)$. We investigate the entrance from $\infty$ of the process $X$ obtained by changing time in $Z$ with…

Probability · Mathematics 2020-10-27 Clément Foucart , Pei-Sen Li , Xiaowen Zhou

We connect boundary conditions for one-sided pseudo-differential operators with the generators of modified one-sided L\'evy processes. On one hand this allows modellers to use appropriate boundary conditions with confidence when restricting…

Probability · Mathematics 2020-12-22 Boris Baeumer , Mihály Kovács , Lorenzo Toniazzi

A Markov process fluctuating away from its typical behavior can be represented in the long-time limit by another Markov process, called the effective or driven process, having the same stationary states as the original process conditioned…

Statistical Mechanics · Physics 2023-03-30 Florian Angeletti , Hugo Touchette

The pricing of options in exponential Levy models amounts to the computation of expectations of functionals of Levy processes. In many situations, Monte-Carlo methods are used. However, the simulation of a Levy process with infinite Levy…

Computational Finance · Quantitative Finance 2014-02-07 El Hadj Aly Dia

Let $X$ be a chemical reaction process, modeled as a multi-dimensional continuous-time jump process. Assume that at given times $0< t_1 < \cdots <t_n$, linear combinations $v_i = L_i X(t_i),\, i=1,\dots ,n$ are observed for given matrices…

Probability · Mathematics 2025-03-19 Marc Corstanje , Frank van der Meulen

We show that exact sampling of the first passage event can be done for a Levy process with unbounded variation, if the process can be embedded in a subordinated standard Brownian motion. By sampling a series of first exit events of the…

Probability · Mathematics 2016-06-22 Zhiyi Chi

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

We suppose that a L\'evy process is observed at discrete time points. Starting from an asymptotically minimax family of estimators for the continuous part of the L\'evy Khinchine characteristics, i.e., the covariance, we derive a…

Statistics Theory · Mathematics 2020-12-01 Katerina Papagiannouli

The inversion of a Levy measure was first introduced (under a different name) in Sato 2007. We generalize the definition and give some properties. We then use inversions to derive a relationship between weak convergence of a Levy process to…

Probability · Mathematics 2016-01-27 Michael Grabchak

In this paper, we study the speed of extinction of continuous state branching processes in subcritical L\'evy environments. More precisely, when the associated L\'evy process to the environment drifts to $-\infty$ and, under a suitable…

Probability · Mathematics 2023-02-20 Natalia Cardona-Tobón , Juan Carlos Pardo

Previous approaches to modelling interval-censored data have often relied on assumptions of homogeneity in the sense that the censoring mechanism, the underlying distribution of occurrence times, or both, are assumed to be time-invariant.…

Probability · Mathematics 2024-02-01 M. N. M. van Lieshout , R. L. Markwitz

Taking account of recent developments in the representation of $d$-dimensional isotropic stable L\'evy processes as self-similar Markov processes, we consider a number of new ways to condition its path. Suppose that $\Omega$ is a region of…

Probability · Mathematics 2021-04-09 Andreas E. Kyprianou , Sandra Palau , Tsogzolmaa Saizmaa

We completely describe the size and large intersection properties of the Holder singularity sets of Levy processes. We also study the set of times at which a given function cannot be a modulus of continuity of a Levy process. The Holder…

Probability · Mathematics 2007-09-25 Arnaud Durand

We present a method for computing the likelihood of a mixed hitting-time model that specifies durations as the first time a latent L\'evy process crosses a heterogeneous threshold. This likelihood is not generally known in closed form, but…

Econometrics · Economics 2021-05-03 Jaap H. Abbring , Tim Salimans

This paper deals with the large deviations behavior of a stochastic process called thinned Levy process. This process appeared recently as a stochastic-process limit in the context of critical inhomogeneous random graphs. The process has a…

Probability · Mathematics 2014-04-08 Elie Aidekon , Remco van der Hofstad , Sandra Kliem , Johan S. H. van Leeuwaarden

We aim at studying approximate null-controllability properties of a particular class of piecewise linear Markov processes (Markovian switch systems). The criteria are given in terms of algebraic invariance and are easily computable. We…

Optimization and Control · Mathematics 2015-07-03 Dan Goreac , Miguel Martinez

The crossover among two or more types of diffusive processes represents a vibrant theme in nonequilibrium statistical physics. In this work we propose two models to generate crossovers among different L\'evy processes: in the first model we…

Statistical Mechanics · Physics 2020-09-15 Maike A. F. dos Santos , Fernando D. Nobre , Evaldo M. F. Curado

For a one-dimensional diffusion on an interval for which 0 is the regular-reflecting left boundary, three kinds of conditionings to avoid zero are studied. The limit processes are $ h $-transforms of the process stopped upon hitting zero,…

Probability · Mathematics 2014-10-30 Kouji Yano , Yuko Yano

We consider a supercritical branching L\'evy process on the real line. Under mild moment assumptions on the number of offspring and their displacements, we prove a second-order limit theorem on the empirical mean position.

Probability · Mathematics 2020-11-25 David Cheek , Seva Shneer
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