Answers are grounded in this paper and cite their sources.
We consider regenerative systems on the real line and study their structure. Local times and exit systems are defined. This leads to time changes and last exit decompositions. We establish a correspondence between stationary regenerative systems and Markov additive processes which are stationary in the space component.
No takes yet. Share an insight, caveat, or question.
Kaspi et al. (1988) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: