Convolution-type derivatives, hitting-times of subordinators and time-changed \(C_0\)-semigroups (Q2512909)

Let \(({}^f\sigma(t),t\geq 0)\) be a subordinator with Laplace exponent \(f\) having the representation \[ f(x)=a+bx+\int_0^{\infty}(1-e^{-sx})\,\bar{\nu}(ds) \] for a non-negative measure \(\bar{\nu}\) on \((0,\infty)\). The author of this paper studies the inverse process of \((^f\sigma(t),t\geq 0)\) defined by \[ ^fL(t)=\inf\{s\geq 0:{}^f\sigma(s)>t\}, \] presents the governing equations of such processes by means of convolution-type integro-differential operators similar to the fractional derivatives, and discusses the time-changed \(C_0\)-semigroups and gives some examples. Such processes as \(^fL(t)\) have some intimate relationship with partial differential equations.