Convolution algebra for extended Feller convolution (Q2227630)

The paper considers the continuous analogue to the problem of intertwined Markov processes with extended Chapman-Kolmogorov's equation in the form of two distinct continuous state spaces and two homogeneous Markov processes, which models random transitions within a continuum of ``life'' states and from the ``life'' states to a continuum of ``death'' states. The absorbing barrier is modelled as a continuum as ``death'' states for the case of a single ``death'' state. To handle two-dimensional uni-directional homogeneous stochastic kernels arising in this problem, the authors use recently introduced framework of admissible homomorphisms in the form of a convolution algebra of $\mathbb{C}^2$-valued admissible homomorphisms. For an adequate operator representation of such kernels, the algebra product, which is a non-commutative extension of the Feller convolution, is needed.