Invasion percolation on the Poisson-weighted infinite tree

We study invasion percolation on Aldous' Poisson-weighted infinite tree, and derive two distinct Markovian representations of the resulting process. One of these is the $\sigma\to\infty$ limit of a representation discovered by Angel et al. [Ann. Appl. Probab. 36 (2008) 420-466]. We also introduce an exploration process of a randomly weighted Poisson incipient infinite cluster. The dynamics of the new process are much more straightforward to describe than those of invasion percolation, but it turns out that the two processes have extremely similar behavior. Finally, we introduce two new "stationary" representations of the Poisson incipient infinite cluster as random graphs on $\mathbb {Z}$ which are, in particular, factors of a homogeneous Poisson point process on the upper half-plane $\mathbb {R}\times[0,\infty)$.