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arxiv: 1606.09061 · v2 · pith:EU7QQYOQnew · submitted 2016-06-29 · 🧮 math.PR

A note on scaling limits for truncated birth-and-death processes with interaction

classification 🧮 math.PR
keywords chainmarkovbirth-and-deathdiffusionfinitenoteprocessprocesses
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In this note we consider a Markov chain formed by a finite system of interacting birth-and-death processes on a finite state space. We study an asymptotic behaviour of the Markov chain as its state space becomes large. In particular, we show that the appropriately scaled Markov chain converges to a diffusion process, and derive conditions for existence of the stationary distribution of the limit diffusion process in special cases.

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