On a Stopped Doob's Inequality and General Stochastic Equations
Metivier, M. ; Pellaumail, J.
Ann. Probab., Tome 8 (1980) no. 6, p. 96-114 / Harvested from Project Euclid
An upper bound for $E(\sup_{0\leqslant s\leqslant\tau}\|M_s\|^2)$, where $M$ is a square integrable martingale and $\tau$ a stopping time is given in terms of $\lbrack M\rbrack_{\tau^-}$ and $\langle M\rangle_{\tau^-}$. Counter examples show that $4E(\langle M\rangle_{\tau^-})$, which is easily derived as an upper bound from a classical Doob's inequality, when $\tau$ is predictable or totally unaccessible, is no longer an upper bound in general. The obtained majoration is used to prove existence and uniqueness of strong solutions of a stochastic equation $dX_t = a(t, X) dZ_t$, where $a$ is a functional, depending possibly on the whole past of $X$ before $t$, and $Z$ is a semimartingale. Our result thus extends to systems "with memory" recent results by Protter, Kazamaki, Doleans-Dade and Meyer.
Publié le : 1980-02-14
Classification:  Martingales,  semimartingales,  stochastic equations,  inequalities for martingales,  60H20,  60G45
@article{1176994827,
     author = {Metivier, M. and Pellaumail, J.},
     title = {On a Stopped Doob's Inequality and General Stochastic Equations},
     journal = {Ann. Probab.},
     volume = {8},
     number = {6},
     year = {1980},
     pages = { 96-114},
     language = {en},
     url = {http://dml.mathdoc.fr/item/1176994827}
}
Metivier, M.; Pellaumail, J. On a Stopped Doob's Inequality and General Stochastic Equations. Ann. Probab., Tome 8 (1980) no. 6, pp.  96-114. http://gdmltest.u-ga.fr/item/1176994827/