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arxiv: math/0501182 · v1 · submitted 2005-01-12 · 🧮 math.PR

Tanaka formula for symmetric L\'{e}vy processes

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keywords processsymmetricciteformulalocalprocessestanakatimes
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Starting from the potential theoretic definition of the local times of a Markov process - when these exist - we obtain a Tanaka formula for the local times of symmetric L\'{e}vy processes. The most interesting case is that of the symmetric $\al$-stable L\'{e}vy process (for $\al\in[1,2]$) which is studied in detail. In particular, we determine which powers of such a process are semimartingales. These results complete, in a sense, the works by K. Yamada \cite{yamada02} and Fitzsimmons and Getoor \cite{fitzsimmonsgetoor92a}.

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