On Ladder Height Distributions of General Risk Processes
Miyazawa, Masakiyo ; Schmidt, Volker
Ann. Appl. Probab., Tome 3 (1993) no. 4, p. 763-776 / Harvested from Project Euclid
We consider a continuous-time risk process $\{Y_a(t); t \geq 0\}$ defined for a stationary marked point process $\{(T_n,X_n)\}$, where $Y_a(0) = a$ and $Y_a(t)$ increases linearly with a rate $c$ and has a downward jump at time $T_n$ with jump size $X_n$ for $n \in \{1,2,\ldots\}$. For $a = 0$, we prove that, under a balance condition, the descending ladder height distribution of $\{Y_0(t)\}$ has the same form as the case where $\{(T_n,X_n)\}$ is a compound Poisson process. This generalizes the recent result of Frenz and Schmidt, in which the independence of $\{T_n\}$ and $\{X_n\}$ is assumed. In our proof, a differential equation is derived concerning the deficit $Z_a$ at the ruin time of the risk process $\{Y_a(t)\}$ for an arbitrary $a \geq 0$. It is shown that this differential equation is also useful for proving a continuity property of ladder height distributions.
Publié le : 1993-08-14
Classification:  Risk theory,  stationary marked point process,  severity of ruin,  ruin probability,  palm distribution,  inversion formula,  single-server queue,  60K30,  60G10,  90B99
@article{1177005362,
     author = {Miyazawa, Masakiyo and Schmidt, Volker},
     title = {On Ladder Height Distributions of General Risk Processes},
     journal = {Ann. Appl. Probab.},
     volume = {3},
     number = {4},
     year = {1993},
     pages = { 763-776},
     language = {en},
     url = {http://dml.mathdoc.fr/item/1177005362}
}
Miyazawa, Masakiyo; Schmidt, Volker. On Ladder Height Distributions of General Risk Processes. Ann. Appl. Probab., Tome 3 (1993) no. 4, pp.  763-776. http://gdmltest.u-ga.fr/item/1177005362/