Green function estimates and Harnack inequality for subordinate Brownian motions (Q2502243)

Motivated by a model in mathematical finance, see \textit{H. Geman}, \textit{D. Madan} and \textit{M. Yor } [Math. Finance 11, No. 1, 79--96 (2001; Zbl 0983.60082)], the authors study a Lévy process \(X\) on \(\mathbb R^d\) for \(d \geq 3\), obtained by subordinating the Brownian motion with a subordinator with positive drift. This is a discontinuous Markov process, with a non-degenerate diffusion part. By use of a modified approach from \textit{R. F. Bass} and \textit{D. A. Levin} [Potential Anal. 17, No. 4, 375--388 (2002; Zbl 0997.60089)] and some additional assumptions on the Lévy measure of the subordinator, a proof of the Harnack inequality for positive harmonic functions of the process \(X\) is obtained. The paper also contains results concerning the asymptotic behavior of the Green function of the process \(X\) near \(0\) and at infinity.