Asymptotics for sums of random variables with local subexponential behaviour (Q1397972)

This paper studies distributions \(F\) on \([0,\,\infty)\) such that for some \(T\leq\infty\), \(F^{*2}(x,\,x+T]\sim 2F(x,\,x+T]\). The case \(T=\infty\) corresponds to \(F\) being subexponential, and our analysis shows that the properties for \(T<\infty\) are, in fact, very similar to this classical case. A parallel theory is developed in the presence of densities. Applications are given to random walks, the key renewal theorem, compound Poisson process and Bellman-Harris branching processes.