Summable processes versus semimartingales

Author:

Dinculeanu Nicolae,Mocioalca Oana

Abstract

The classical stochastic integral H d X \int H dX is defined for real-valued semimartingales X X . For processes with values in a Banach space E E , the stochastic integral H d X \int H dX is defined for locally summable processes X X , using a measure-theoretical approach. We investigate the relationship between semimartingales and locally summable processes. A real-valued, locally summable process is a special semimartingale. We prove that in infinite-dimensional Banach spaces, a locally summable process is not necessarily a semimartingale.

Publisher

American Mathematical Society (AMS)

Subject

Applied Mathematics,General Mathematics

Reference4 articles.

1. [B-D] J. K. Brooks and N. Dinculeanu, Stochastic Integration in Banach Spaces, Seminar on Stochastic Processes, Birkhäuser, Boston, 1991, 27-115.

2. Publications de l'Institut de Math\'{e}matique de l'Universit\'{e} de Strasbourg, No. XV;Dellacherie, Claude,1975

3. Pure and Applied Mathematics (New York);Dinculeanu, Nicolae,2000

4. Research Notes in Mathematics, No. 11;Kussmaul, A. U.,1977

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