On the infimum of the local time of a Wiener process

Springer Science and Business Media LLC - Tập 82 - Trang 545-563 - 1989
Antónia Földes1
1Mathematical Institute of the, Hungarian Academy of Sciences, Budapest, Hungary

Tóm tắt

Let {W(t), t≧0} be a standard Wiener process, and let L(x, t) be its jointly continuous local time. Define $$T_r = inf\{ t \geqq 0;L(0,t \geqq r)\} .$$ The upper and lower class behaviour of inf L(y, T r) is investigated, where the infimum is taken on an interval, which is an appropriately chosen function of r.

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