Abstract

We construct a modified continuous-state branching process whose Malthusian parameter is replaced by another one when passing below a certain level. The construction is obtained via a Lamperti-like transform applied to a refracted Lévy process. Infinitesimal generator, probability of vanishing at infinity, of explosion and some path properties are also provided.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call