A necessary and sufficient condition for the Markov property of the local time process
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Publication:688065
This note is devoted to a reciprocal of the Ray-Knight theorem: given a transient Hunt process \(X\) taking values in an interval \(E\) of \(\mathbb{R}\) with lifetime \(\zeta\), if the points of \(E\) are regular and there exists a probability measure \(\mu\) on \(E\) such that the accumulated local time process \((L^ x_ \zeta; x\in E)\) is a Markov process, then a.s. \(X\) has continuous paths, \(\mu\) is a Dirac measure, and \(X\) dies at a fixed point.
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- A Ray-Knight theorem for symmetric Markov processes.
- On the laws of total local times for \(h\)-paths and bridges of symmetric Lévy processes
- Diffusions on a space of interval partitions: Poisson-Dirichlet stationary distributions
- Asymptotic behavior of local times of compound Poisson processes with drift in the infinite variance case
- Joint density for the local times of continuous-time Markov chains
- Transience and recurrence of Markov processes with constrained local time
- Stochastic Volterra equations for the local times of spectrally positive stable processes
- Ray Knight theorems for spectrally negative Lévy processes
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