Theoretical analysis reveals explicit hitting probabilities and trace process transition rates for one-dimensional Lévy processes, demonstrating that dynamics depend solely on the renormalized...
For a one-dimensional Lévy process, we derive an explicit formula for the probability of first hitting a specified point among a fixed finite set. Moreover, using this formula, we obtain an explicit expression for each entry of the Q-matrix of the trace process on the finite set. These formulas involve solely the renormalized zero resolvent.
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Kohki Iba (2026) studied this question.
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