In this paper, we establish the precise asymptotics of the tail probability and the transition density of a large class of isotropic L\'evy processes when the scaling order is between… Click to show full abstract
In this paper, we establish the precise asymptotics of the tail probability and the transition density of a large class of isotropic L\'evy processes when the scaling order is between 0 and 2 including 2. We also obtain the precise asymptotics of the tail probability of subordinators when the scaling order is between 0 and 1 including 1. The asymptotics are given in terms of the radial part of characteristic exponent $\psi$ and its derivative. In particular, when $\psi(\lambda)-\frac{\lambda}{2}\psi'(\lambda)$ varies regularly, as $\frac{t\psi(r^{-1})^2}{\psi(r^{-1})-(2r)^{-1}\psi'(r^{-1})} \to 0$ the tail probability $\P(|X_t|\geq r)$ is asymptotically equal to a constant times $ t( \psi(r^{-1})-(2r)^{-1}\psi'(r^{-1})).$
               
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