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Paper detail

On collisions of Brownian particles

We examine the behavior of $n$ Brownian particles diffusing on the real line with bounded, measurable drift and bounded, piecewise continuous diffusion coefficients that depend on the current configuration of particles. Sufficient conditions are established for the absence and for the presence of triple collisions among the particles. As an application to the Atlas model for equity markets, we study a special construction of such systems of diffusing particles using Brownian motions with reflection on polyhedral domains.

preprint2010arXivOpen access
Tomoyuki IchibaIoannis Karatzas
math.PR
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Tomoyuki IchibaIoannis Karatzas

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