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Related papers: Characteristics and It{\^o}'s formula for weak Dir…

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We study large deviation properties of systems of weakly interacting particles modeled by It\^{o} stochastic differential equations (SDEs). It is known under certain conditions that the corresponding sequence of empirical measures…

Probability · Mathematics 2012-09-26 Amarjit Budhiraja , Paul Dupuis , Markus Fischer

We consider systems of stochastic differential equations of the form \[ \d X_t^i = \sum_{j=1}^d A_{ij}(X_{t-}) \d Z_t^j\] for $i=1,\dots,d$ with continuous, bounded and non-degenerate coefficients. Here $Z_t^1,\dots,Z_t^d$ are independent…

Probability · Mathematics 2019-10-11 Jamil Chaker

A comparison principle for stochastic integro-differential equations driven by Levy processes is proved. This result is obtained via an extension of an Ito formula from [11] for the square of the norm of the positive part of $L_2-$valued,…

Probability · Mathematics 2016-09-09 Konstantinos Dareiotis , Istvan Gyongy

This paper provides convergence analysis for the approximation of a class of path-dependent functionals underlying a continuous stochastic process. In the first part, given a sequence of weak convergent processes, we provide a sufficient…

Probability · Mathematics 2013-07-22 Qingshuo Song , George Yin , Qing Zhang

We propose a new weak convergence theorem for martingales, under gentler conditions than the usual convergence in probability of the sequence of associated quadratic variations. Its proof requires the combined use of Skorohod's…

Probability · Mathematics 2025-06-30 Bruno Rémillard , Jean Vaillancourt

Given a c\`adl\`ag process $X$ on a filtered measurable space, we construct a version of its semimartingale characteristics which is measurable with respect to the underlying probability law. More precisely, let $\mathfrak{P}_{sem}$ be the…

Probability · Mathematics 2014-07-08 Ariel Neufeld , Marcel Nutz

In this paper, we consider a modified version of a well-known submartingale condition fortheweak convergence of probabilitymeasures, adapted to the semi-Markov case. In this setting, it is convenient to work with an embedded Markov chain…

Probability · Mathematics 2025-12-30 Vitaliy Golomoziy

The Bessel process in low dimension (0 $\le$ $\delta$ $\le$ 1) is not an It{\^o} process and it is a semimartingale only in the cases $\delta$ = 1 and $\delta$ = 0. In this paper we first characterize it as the unique solution of an SDE…

Probability · Mathematics 2022-11-10 Alberto Ohashi , Francesco Russo , Alan Teixeira

Let $(S,\rho)$ be an ultrametric space with certain conditions and $S^k$ be the quotient space of $S$ with respect to the partition by balls with a fixed radius $\phi(k)$. We prove that, for a Hunt process $X$ on $S$ associated with a…

Probability · Mathematics 2014-12-03 Kohei Suzuki

We introduce a variational theory for processes adapted to the multi-dimensional Brownian motion filtration. The theory provides a differential structure which describes the infinitesimal evolution of Wiener functionals at very small…

Probability · Mathematics 2017-07-13 Alberto Ohashi , Dorival Leão , Alexandre B. Simas

This paper provides a new version of the condition of Di Nunno et al. (2003), Ankirchner and Imkeller (2005) and Biagini and \{O}ksendal (2005) ensuring the semimartingale property for a large class of continuous stochastic processes.…

Portfolio Management · Quantitative Finance 2008-12-10 Kasper Larsen , Gordan Zitkovic

Given an It\=o semimartingale with a time-homogeneous jump part observed at high frequency, we prove weak convergence of a normalized truncated empirical distribution function of the L\'evy measure to a Gaussian process. In contrast to…

Statistics Theory · Mathematics 2015-06-25 Michael Hoffmann , Mathias Vetter

This paper contributes to the study of class $(\Sigma^{r})$ as well as the c\`adl\`ag semi-martingales of class $(\Sigma)$, whose finite variational part is c\`adl\`ag instead of continuous. The two above-mentioned classes of stochastic…

Probability · Mathematics 2021-08-30 Fulgence Eyi Obiang , Paule Joyce Mbenangoye , Octave Moutsinga

We consider a Markov process $X$ associated to a nonnecessarily symmetric Dirichlet form $\mathcal{E}$. We define a stochastic integral with respect to a class of additive functionals of zero quadratic variation and then we obtain an…

Probability · Mathematics 2013-12-18 Alexander Walsh

In this article, we develop a semigroup-theoretic framework for the analytic characterisation of martingales with path-dependent terminal conditions. Our main result establishes that a measurable adapted process of the form \[ V(t) -…

Probability · Mathematics 2025-07-03 Robert Denk , Markus Kunze , Michael Kupper

We identify the linear space spanned by the real-valued excessive functions of a Markov process with the set of those functions which are quasimartingales when we compose them with the process. Applications to semi-Dirichlet forms are…

Probability · Mathematics 2017-09-07 Iulian Cîmpean , Lucian Beznea

In this article we develop a new methodology to prove weak approximation results for general stochastic differential equations. Instead of using a partial differential equation approach as is usually done for diffusions, the approach…

Probability · Mathematics 2016-08-16 Emmanuelle Clément , Arturo Kohatsu-Higa , Damien Lamberton

We introduce a variational theory for processes adapted to the multi-dimensional Brownian motion filtration that provides a differential structure allowing to describe infinitesimal evolution of Wiener functionals at very small scales. The…

Probability · Mathematics 2017-12-01 Dorival Leão , Alberto Ohashi , Alexandre B. Simas

Several versions of It\^{o}'s formula have been obtained in the context of the functional stochastic calculus. Here, we revisit this topic in two ways. First, by defining a notion of derivative along a functional, we extend the setting of…

Probability · Mathematics 2022-02-25 Christian Houdré , Jorge Víquez

We develop a stochastic calculus that makes it easy to capture a variety of predictable transformations of semimartingales such as changes of variables, stochastic integrals, and their compositions. The framework offers a unified treatment…

Probability · Mathematics 2022-01-13 Aleš Černý , Johannes Ruf