The Cut - and - Paste Process
نویسنده
چکیده
We characterize the class of exchangeable Feller processes evolving on partitions with boundedly many blocks. In continuous-time, the jump measure decomposes into two parts: a σ -finite measure on stochastic matrices and a collection of nonnegative real constants. This decomposition prompts a Lévy–Itô representation. In discrete-time, the evolution is described more simply by a product of independent, identically distributed random matrices.
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