Limit theorems for jump shock models

Limit theorems for jump shock models

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Article ID: iaor1990783
Country: Israel
Volume: 26
Issue: 4
Start Page Number: 1
End Page Number: 7
Publication Date: Dec 1989
Journal: Journal of Applied Probability
Authors:
Abstract:

The paper considers an additive shock process where shocks occur according to a Poisson point process and they are accumulated in an appropriate way to the damage. It is shown that suitably normalized shock processes converge weakly to a process which is represented as a sum of a stable process and a deterministic process.

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