On the Markov property of local time for Markov processes on graphs (Q1374632)
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English | On the Markov property of local time for Markov processes on graphs |
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On the Markov property of local time for Markov processes on graphs (English)
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10 December 1997
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The authors consider a transient right process \(X\) taking values on a connected planar graph \(G\) contained in \(\mathbb{R}^d\), such that all its points are regular for themselves and communicate. It is proved that the local time \(\{L_{\zeta}^x: x \in G\}\) associated with \(X\) (\(\zeta\) being its death time) is a Markov process, if and only if the following three conditions hold: (i) \(X\) has continuous trajectories; (ii) \(G\) is a tree; (iii) \(X\) has fixed birth place and death place. The result is applied to Walsh diffusion.
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connected planar graph
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local time
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transient right process
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Markov property
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Walsh diffusion
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