Logarithmic scaling of planar random walk's local times

preprint2016arXivOpen access

Abstract

We prove that the local time process of a planar simple random walk, when time is scaled logarithmically, converges to a non-degenerate pure jump process. The convergence takes place in the Skorokhod space with respect to the M1M1 topology and fails to hold in the J1J1 topology.

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