Regenerative compositions in the case of slow variation (Q2507669)

An increasing Lévy process (subordinator) \(S\) defines via its range a random division of \(\mathbb{R}_+\) into open interval components (gaps). An independent Poisson process \(\Pi_n\) with rate \(n e^{-x}, x> 0\), is considered for \(n\) large. The number \(K_n\) of gaps hit by at least one point of \(\Pi_n\) can be viewed as terminal value \(\mathcal{K} (\infty)\) of the process \(\mathcal{K}_n (T)\) counting the number of jumps of \(S\) such that \(\Pi_n \cap (S_{t^{-}}, S_t) \neq \emptyset\). The authors extend previous work on this subject and consider the random fluctuation of the process \(\mathcal{K}_n\) in the case when the tail of the Lévy measure of \(S\) is slowly varying. The motivation of this work comes from the study of regenerative composition structures.