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Local perturbations of a Brownian motion are considered. As a limit we obtain a non-Markov process that behaves as a reflected Brownian motion on the positive half line until its local time at zero reaches some exponential level, then…

Probability · Mathematics 2017-03-23 Vidyadhar Mandrekar , Andrey Pilipenko

For a (killed) spectrally negative L\'evy process we provide an analytic expression for the distribution of its overshoot over a fixed level in terms of the infinitesimal generator and the scale function of the process. Our identity…

Probability · Mathematics 2015-05-19 Ronnie Loeffen

We identify general conditions under which regenerative processes with dependent cycles and cycle lengths are asymptotically independent. The result is applied to various models. In particular, independent L\'evy processes with dependent…

Probability · Mathematics 2017-11-22 Royi Jacobovic , Offer Kella

We consider a general honest homogeneous continuous-time Markov process with restarts. The process is forced to restart from a given distribution at time moments generated by an independent Poisson process. The motivation to study such…

Probability · Mathematics 2012-06-26 Konstantin Avrachenkov , Alexei Piunovskiy , Zhang Yi

We discuss how to derive a Langevin equation (LE) in non standard systems, i.e. when the kinetic part of the Hamiltonian is not the usual quadratic function. This generalization allows to consider also cases with negative absolute…

Statistical Mechanics · Physics 2018-04-12 M. Baldovin , A. Puglisi , A. Vulpiani

The program of studying general nonlinear Markov processes was put forward in V. N. Kolokoltsov "Nonlinear Markov Semigroups and Interacting L\'evy Type Processes" (Journ. Stat. Physics 126:3 (2007), 585-642), and was developed by the…

Probability · Mathematics 2022-05-03 Vassili N. Kolokoltsov

We consider a Markov additive process with a finite phase space and study its path decompositions at the times of extrema, first passage and last exit. For these three families of times we establish splitting conditional on the phase, and…

Probability · Mathematics 2015-10-14 Jevgenijs Ivanovs

We review some of the theory relevant to passage times of one-dimensional L\'evy processes out of bounded regions, highlighting results that are useful in physical phenomena modelled by heavy-tailed L\'evy flights. The process is…

Probability · Mathematics 2015-04-27 Ross A. Maller , Yuguang Fan

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

This paper primarily investigates the geometric properties of excursions of L\'evy processes reflected at the past infimum with long lifetime or large height. For an oscillating process in the domain of attraction of a stable law, our…

Probability · Mathematics 2025-12-10 Zhi-Hao Cui , Hao Wu , Wei Xu

As well known, all functionals of a Markov process may be expressed in terms of the generator operator, modulo some analytic work. In the case of spectrally negative Markov processes however, it is conjectured that everything can be…

Probability · Mathematics 2016-12-05 Florin Avram , Xiaowen Zhou

What is the analogue of L\'evy processes for random surfaces? Motivated by scaling limits of random planar maps in random geometry, we introduce and study L\'evy looptrees and L\'evy maps. They are defined using excursions of general L\'evy…

Probability · Mathematics 2025-07-15 Igor Kortchemski , Cyril Marzouk

Kuznetsov et al. (2011) and Kuznetsov and Pardo (2013) introduced the family of Hypergeometric L\'evy processes. They appear naturally in the study of fluctuations of stable processes when one analyses stable processes through the theory of…

Probability · Mathematics 2015-09-09 Emma L. Horton , Andreas E. Kyprianou

We investigate the upper tail probabilities of the all-time maximum of a stable L\'evy process with a power negative drift. The asymptotic behaviour is shown to be exponential in the spectrally negative case and polynomial otherwise, with…

Probability · Mathematics 2018-06-05 Christophe Profeta , Thomas Simon

For a spectrally negative L\'evy process (snLp) $X$, killed according to a rate that is a function $\omega$ of its position, we analyse the exit probability of the one-sided upwards-passage problem. When $\omega$ is strictly positive, this…

Probability · Mathematics 2018-04-17 Matija Vidmar

Let $X=(X_t, t\geq 0)$ be a self-similar Markov process taking values in $\mathbb{R}$ such that the state 0 is a trap. In this paper, we present a necessary and sufficient condition for the existence of a self-similar recurrent extension of…

Probability · Mathematics 2019-06-10 Henry Pantí , Juan Carlos Pardo , Víctor Manuel Rivero

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

We construct an estimator of the L\'evy density of a pure jump L\'evy process, possibly of infinite variation, from the discrete observation of one trajectory at high frequency. The novelty of our procedure is that we directly estimate the…

Probability · Mathematics 2020-04-06 Céline Duval , Ester Mariucci

We study the small deviation problem $\log\mathbb{P}(\sup_{t\in[0,1]}|X_t|\leq\varepsilon)$, as $\varepsilon\to0$, for general L\'{e}vy processes $X$. The techniques enable us to determine the asymptotic rate for general real-valued…

Probability · Mathematics 2009-09-25 Frank Aurzada , Steffen Dereich

We prove that a positive self-similar Markov process $(X,\mathbb{P})$ that hits 0 in a finite time admits a self-similar recurrent extension that leaves 0 continuously if and only if the underlying L\'{e}vy process satisfies Cram\'{e}r's…

Probability · Mathematics 2009-09-29 Víctor Rivero