Recurrent extensions of self-similar Markov processes and Cramér's condition
Rivero, Víctor
Bernoulli, Tome 11 (2005) no. 1, p. 471-509 / Harvested from Project Euclid
Let ξ be a real-valued Lévy process that satisfies Cramér's condition, and X a self-similar Markov process associated with ξ via Lamperti's transformation. In this case, X has 0 as a trap and satisfies the assumptions set out by Vuolle-Apiala. We deduce from the latter that there exists a unique excursion measure \exc, compatible with the semigroup of X and such that \exc(X0+>0)=0. Here, we give a precise description of \exc via its associated entrance law. To this end, we construct a self-similar process X\natural, which can be viewed as X conditioned never to hit 0, and then we construct \exc similarly to the way in which the Brownian excursion measure is constructed via the law of a Bessel(3) process. An alternative description of \exc is given by specifying the law of the excursion process conditioned to have a given length. We establish some duality relations from which we determine the image under time reversal of \exc.
Publié le : 2005-06-14
Classification:  description of excursion measures,  Lévy processes,  self-similar Markov process,  weak duality
@article{1120591185,
     author = {Rivero, V\'\i ctor},
     title = {Recurrent extensions of self-similar Markov processes and Cram\'er's condition},
     journal = {Bernoulli},
     volume = {11},
     number = {1},
     year = {2005},
     pages = { 471-509},
     language = {en},
     url = {http://dml.mathdoc.fr/item/1120591185}
}
Rivero, Víctor. Recurrent extensions of self-similar Markov processes and Cramér's condition. Bernoulli, Tome 11 (2005) no. 1, pp.  471-509. http://gdmltest.u-ga.fr/item/1120591185/