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Paper detail

Ornstein-Uhlenbeck processes driven by cylindrical Lévy processes

In this article we introduce a theory of integration for deterministic, operator-valued integrands with respect to cylindrical Lévy processes in separable Banach spaces. Here, a cylindrical Lévy process is understood in the classical framework of cylindrical random variables and cylindrical measures, and thus, it can be considered as a natural generalisation of cylindrical Wiener processes or white noises. Depending on the underlying Banach space, we provide necessary and/or sufficient conditions for a function to be integrable. In the last part, the developed theory is applied to define Ornstein-Uhlenbeck processes driven by cylindrical Lévy processes and several examples are considered.

preprint2014arXivOpen access
Markus Riedle
math.PR
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Markus Riedle

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