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We consider Markov jump processes on a graph described by a rate matrix that depends on various control parameters. We derive explicit expressions for the static responses of edge currents and steady-state probabilities. We show that they…

Statistical Mechanics · Physics 2024-08-28 Timur Aslyamov , Massimiliano Esposito

The paper proposes a class of financial market models which are based on inhomogeneous telegraph processes and jump diffusions with alternating volatilities. It is assumed that the jumps occur when the tendencies and volatilities are…

Pricing of Securities · Quantitative Finance 2008-12-04 Nikita Ratanov

In this paper we study a family of nonlinear (conditional) expectations that can be understood as a semimartingale with uncertain local characteristics. Here, the differential characteristics are prescribed by a time and path-dependent…

Probability · Mathematics 2023-11-07 David Criens , Lars Niemann

We prove an Eyring-Kramers law for the small eigenvalues and mean first-passage times of a metastable Markovian jump process which is invariant under a group of symmetries. Our results show that the usual Eyring-Kramers law for asymmetric…

Probability · Mathematics 2016-11-15 Nils Berglund , Sébastien Dutercq

We study the existence of densities for distributions of piecewise deterministic Markov processes. We also obtain relationships between invariant densities of the continuous time process and that of the process observed at jump times. In…

Probability · Mathematics 2020-06-03 Piotr Gwiżdż , Marta Tyran-Kamińska

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

A jump process for the positions of interacting quantum particles on a lattice, with time-dependent transition rates governed by the state vector, was first considered by J.S. Bell. We review this process and its continuum variants…

Probability · Mathematics 2007-05-23 Roderich Tumulka , Hans-Otto Georgii

In the paper with the above title, D. T. Gillespie [Phys. Rev. A 49, 1607, (1994)] claims that the theory of Markov stochastic processes cannot provide an adequate mathematical framework for quantum mechanics. In conjunction with the…

Quantum Physics · Physics 2009-10-30 Piotr Garbaczewski , Robert Olkiewicz

We derive the Markov process equivalent to She-Leveque scaling in homogeneous and isotropic turbulence. The Markov process is a jump process for velocity increments $u(r)$ in scale $r$ in which the jumps occur randomly but with…

Statistical Mechanics · Physics 2017-08-14 Daniel Nickelsen

We are interested in the connection between a metastable continuous state space Markov process (satisfying e.g. the Langevin or overdamped Langevin equation) and a jump Markov process in a discrete state space. More precisely, we use the…

Probability · Mathematics 2017-02-08 Giacomo Di Gesù , Tony Lelièvre , Dorian Le Peutrec , Boris Nectoux

Understanding the fluctuations by which phenomenological evolution equations with thermodynamic structure can be enhanced is the key to a general framework of nonequilibrium statistical mechanics. These fluctuations provide an idealized…

Statistical Mechanics · Physics 2021-02-03 Hans Christian Öttinger , Mark A. Peletier , Alberto Montefusco

We study a one-dimensional Markov modulated random walk with jumps. It is assumed that amplitudes of jumps as well as a chosen velocity regime are random and depend on a time spent by the process at a previous state of the underlying Markov…

Probability · Mathematics 2013-03-13 Nikita Ratanov

The theory of monotonicity and duality is developed for general one-dimensional Feller processes. Moreover it is shown that local monotonicity conditions (conditions on the L\'evy kernel) are sufficient to prove the well-posedness of the…

Probability · Mathematics 2022-05-03 Vassili Kolokoltsov

The contact process is a particular case of birth-and-death processes on infinite particle configurations. We consider the contact models on locally compact separable metric spaces. We prove the existence of a one-parameter set of invariant…

Probability · Mathematics 2021-03-16 Sergey Pirogov , Elena Zhizhina

Let $\Gamma$ denote the space of all locally finite subsets (configurations) in $\mathbb R^d$. A stochastic dynamics of binary jumps in continuum is a Markov process on $\Gamma$ in which pairs of particles simultaneously hop over $\mathbb…

Probability · Mathematics 2015-05-28 Dmitri Finkelshtein , Yuri Kondratiev , Oleksandr Kutoviy , Eugene Lytvynov

We study the local regularity and multifractal nature of the sample paths of jump diffusion processes, which are solutions to a class of stochastic differential equations with jumps. This article extends the recent work of Barral {\it et…

Probability · Mathematics 2017-09-06 Xiaochuan Yang

We study a class of multitype branching L\'evy processes, where particles move according to type-dependent L\'evy processes, switch types via an irreducible Markov chain, and branch according to type-dependent laws. This framework…

Probability · Mathematics 2026-02-06 Yutao Liang , Yan-Xia Ren , Quan Shi , Fan Yang

We present two main theorems for stochastic processes with a Markov regime-switching model. First, we work on an existence-uniqueness theorem for a Stochastic Differential Delay Equation with Jumps and Regimes (SDDEJRs). Then, we provide…

Probability · Mathematics 2023-02-28 Emel Savku

We consider a Markov process on a Riemannian manifold, which solves a stochastic differential equation in the interior of the manifold and jumps according to a deterministic reset map when it reaches the boundary. We derive a partial…

Probability · Mathematics 2007-05-23 Julien Bect , Hana Baili , Gilles Fleury

Necessary or sufficient conditions are presented for the existence of various types of actions of Lie groups and Lie algebras on manifolds.

Group Theory · Mathematics 2012-04-10 Morris W. Hirsch