Random time changes for processes with random birth and death (Q1106557): Difference between revisions

A random time-change for a stationary Markov process with random birth and death times is studied. A diffusive homogeneous random measure B is used to construct the time change clock preserving the Markovian and stationarity properties. Properties of the characteristic measure \(\nu_ B\) of B related to the time-changed semigroup are investigated. The simplest case, when \(B(dt)=g(Y_ t)dt\) with g strictly positive, is discussed in detail and applications to the entrance boundary and capacity theory are sketched.