No label defined (Q4955447)

The author is interested in the models \(dy_{t}^{\varepsilon}=(cy_{t}^{\varepsilon}+d) dt+ \varepsilon\sqrt{y_{t}^{\varepsilon}} dB_{t}\), where \(B_{t}\) is the standard Brownian motion, \(d\geq 0,\) for any \(\varepsilon >0,\) and \(t\in [0,T].\) Here the coefficient \(\sigma(y)\) is degenerate, non-Lipschitz, and the equation has a unique strong solution. The process \(y_{t}^{\varepsilon}\) appears in the diffusion approximation of critical branching processes. For \(d>0\) and small \(\varepsilon\) the set \(\{0\}\) is the entrance boundary of the process and the boundary is absorbing when \(d\) equals \(0.\) This paper deals with the behaviour of the process \(y_{t}^{\varepsilon}\) near the boundary as \(\varepsilon\) goes to zero. In particular, the author wants to know how the process leaves the boundary when \(d>0,\) and how the process approaches the boundary for \(d=0.\) The main tools in the proof are techniques from large deviation theory. For the entire collection see [Zbl 0937.00066].