Nonclassical stochastic flows and continuous products

Contrary to the classical wisdom, processes with independent values (defined properly) are much more diverse than white noise combined with Poisson point processes, and product systems are much more diverse than Fock spaces. This text is a survey of recent progress in constructing and investigating nonclassical stochastic flows and continuous products of probability spaces and Hilbert spaces.Comment: A survey, 126 pages. Version 3 (final): former Question 9d4 is solved; 8a1 reformulated. Ref [41] added. For readability, sections are reordered (123456..->142536..). Cosmetic changes, mostly in 1b, 2a, 3d, (4a7) (v3 numbers) and Introductio

A Simple Proof of the Fundamental Theorem about Arveson Systems

With every Eo-semigroup (acting on the algebra of of bounded operators on a separable infinite-dimensional Hilbert space) there is an associated Arveson system. One of the most important results about Arveson systems is that every Arveson system is the one associated with an Eo-semigroup. In these notes we give a new proof of this result that is considerably simpler than the existing ones and allows for a generalization to product systems of Hilbert module (to be published elsewhere).Comment: Publication data added, acknowledgements and a note after acceptance added, corrects a number of inconveniences that have been produced in the published version during the publication proces

On continuity of measurable group representations and homomorphisms

Let G be a locally compact group, and let U be its unitary representation on a Hilbert space H. Endow the space L(H) of linear bounded operators on H with weak operator topology. We prove that if U is a measurable map from G to L(H) then it is continuous. This result was known before for separable H. To prove this, we generalize a known theorem on nonmeasuralbe unions of point finite families of null sets. We prove also that the following statement is consistent with ZFC: every measurable homomorphism from a locally compact group into any topological group is continuous. This relies, in turn, on the following theorem: it is consistent with ZFC that for every null set S in a locally compact group there is a set A such that AS is non-measurable.Comment: The previous version was not final, I update it once notice

Identifying Demand with Multidimensional Unobservables: A Random Functions Approach

We explore the identification of nonseparable models without relying on the property that the model can be inverted in the econometric unobservables. In particular, we allow for infinite dimensional unobservables. In the context of a demand system, this allows each product to have multiple unobservables. We identify the distribution of demand both unconditional and conditional on market observables, which allows us to identify several quantities of economic interest such as the (conditional and unconditional) distributions of elasticities and the distribution of price effects following a merger. Our approach is based on a significant generalization of the linear in random coefficients model that only restricts the random functions to be analytic in the endogenous variables, which is satisfied by several standard demand models used in practice. We assume an (unknown) countable support for the the distribution of the infinite dimensional unobservables.