N Jacob (University of Wales Swansea, UK)

PSEUDO-DIFFERENTIAL OPERATORS AND MARKOV PROCESSES
Volume II: Generators and Their Potential Theory

In this volume two topics are discussed: the construction of Feller and Lp-sub-Markovian semigroups by starting with a pseudo-differential operator, and the potential theory of these semigroups and their generators. The first part of the text essentially discusses the analysis of pseudo-differential operators with negative definite symbols and develops a symbolic calculus; in addition, it deals with special approaches, such as subordination in the sense of Bochner. The second part handles capacities, function spaces associated with continuous negative definite functions, Lp-sub-Markovian semigroups in their associated Bessel potential spaces, Stein's Littlewood?Paley theory, global properties of Lp?sub-Markovian semigroups, and estimates for transition functions.

Contents:

Generators of Feller and Sub-Markovian Semigroups:
Second Order Elliptic Differential Operators as Generators of Feller and Sub-Markovian Semigroups
Some Second Order Differential Operators with Non-Negative Characteristic Form as Generators of Sub-Markovian Semigroups
Some Properties of Pseudo-Differential Operators with Negative Definite Symbols
Hoh's Symbolic Calculus for Pseudo-Differential Operators with Nagative Definite Symbols
Estimates for Pseudo-Differential Operators with Negative Definite Symbols Using the Symbolic Calculus
Feller Semigroups and Sub-Markovian Semigroups Generated by Pseudo-Differential Operators
Further Analytic Approaches for Constructing Feller and Sub-Markovian Semigroups
Some Perturbation Results
On Semigroups Obtained by Subordination
Pseudo-Differential Operators with Variable Order of Differentiation as Generators of Feller Semigroups
Potential Theory of Semigroups and Generators:
Capacities and Abstract Bessel Potential Spaces
First Results on Lp-Sub-Markovian Semigroups in Their Associated Bessel Potential Spaces
Bessel Potential Spaces Assocated with a Continuous Negative Definite Function
Stein's Littlewood?Paley Theory for Sub-Markovian Semigroups
Global Properties of Lp-Sub-Markovian Semigroups
Nash-Type and Sobolev-Type Inequalities ? A Short Outline

Readership: Graduate students, lecturers and researchers in the fields of analysis & differential equations, stochastic, probability & statistics, and mathematical physics.

500pp Pub. date: Scheduled Fall 2002
ISBN 1-86094-324-1

Svetlana I Boyarchenko (University of Texas at Austin, USA)
& Sergei Z Levendorskii (Rostov State University of Economics, Russia)

NON-GAUSSIAN MERTON-BLACK-SCHOLES THEORY

This book introduces an analytically tractable and computationally effective class of non-Gaussian models for shocks (regular Levy processes of the exponential type) and related analytical methods similar to the initial Merton?Black?Scholes approach, which the authors call the Merton?Black?Scholes theory.
The authors have chosen applications interesting for financial engineers and specialists in financial economics, real options, and partial differential equations (especially pseudodifferential operators); specialists in stochastic processes will benefit from the use of the pseudodifferential operators technique in non-Gaussian situations. The authors also consider discrete time analogues of perpetual American options and the problem of the optimal choice of capital, and outline several possible directions in which the methods of the book can be developed further.

Taking account of a diverse audience, the book has been written in such a way that it is simple at the beginning and more technical in further chapters, so that it is accessible to graduate students in relevant areas and mathematicians without prior knowledge of finance or economics.

Contents:

Levy Processes
Regular Levy Processes of Exponential Type in 1D
Pricing and Hedging of Contingent Claims of European Type
Perpetual American Options
American Options: Finite Time Horizon
First-Touch Digitals
Barrier Options
Multi-Asset Contracts
Investment Under Uncertainty and Capital Accumulation
Endogenous Default and Pricing of the Corporate Debt
Fast Pricing of European Options
Discrete Time Models
Feller Processes of Normal Inverse Gaussian Type
Pseudodifferential Operators with Constant Symbols
Elements of Calculus of Pseudodifferential Operators

Readership: Graduate students, researchers and academics in economics, mathematical finance, banking & finance/accounting; and financial engineers.

420pp Pub. date: Apr 2002
ISBN 981-02-4944-6

M Olshanetsky (Institute of Theoretical and Experimental Physics, Moscow, Russia)
& A Vainshtein (University of Minnesota, USA)

MULTIPLE FACETS OF QUANTIZATION AND SUPERSYMMETRY
Michael Marinov Memorial Volume

This book is dedicated to the memory of Michael Marinov, the theorist who, together with Felix Berezin, introduced the classical description of spin by anticommuting Grassmann variables. It contains original papers and reviews by physicists and mathematicians written specifically for the book. These articles reflect the current status and recent developments in the areas of Marinov's research: quantum tunneling, quantization of constrained systems, supersymmetry, and others. The personal recollections included portray the human face of M Marinov, a person of great knowledge and integrity.

Contents:

Personal Notes:
My Brother (I Kwartin)
My Dear Old Friend Misha (L Brink)
Quantum Tunneling, Coherence and Decoherence:
Quantum Tunneling (M Shifman)
Evolution Kernels for Phase-Space Distributions (B Segev)
Quantization of Constrained System, Integrable Models:
Lie Algebroids as Gauge Symmetries in Topological Field Theories (M Olshanetsky)
Classical Integrable System: Selected Topics (A Perelomov)
Quantum Chromodynamics, Hadrons and Fields:
Probabilistic Model of Reggeon Field Theory (K G Boreskov)
Diffractive Processes and QCD (A B Kaidalov)
Mathematical and Physical Aspects of Supersymmetry:
A Theory of Algebraic Integration (R Casalbuoni)
The Witten Index Beyond the Adiabatic Approximation (P van Baal)
Other Aspects:
Cube or Hypercube of Natural Units (L B Okun)
Approximation Methods in Classical and Quantum Theories (R Kerner)
Strings, Branes and Higher Dimensions:
Aspects of Tachyon Condensation in String Theory (Y Oz)
String Tension in Two-Dimensional Gauge Theories (A Armoni et al.)
and other articles

Readership: Graduate students, academics and researchers in theoretical, mathematical and high energy physics.

900pp (approx.) Pub. date: Scheduled Fall 2002
ISBN 981-238-072-8

edited by L Accardi (Universita degli Studi di Roma "Tor Vergata", Italy)
& F Fagnola (Universita degli Studi di Genova, Italy)

QUANTUM INTERACTING PARTICLE SYSTEMS

The dynamics of infinite classical lattice systems has been considered and has led to the study of the properties of ergodicity and convergence to equilibrium of a new class of Markov semigroups. Quantum analogues of these semigroups have also been considered. However, the problem of deriving these Markovian semigroups and, what is much more interesting, the associated stochastic flows, as limits of Hamiltonian systems, rather than postulating their form on a phenomenological basis, is essentially open both in the classical case and in the quantum case.
This book presents a conjecture that, by coupling a quantum spin system in finite volume to a quantum field via a suitable interaction, applying the stochastic golden rule and taking the thermodynamic limit, one may obtain a class of quantum flows which, when restricted to an appropriate Abelian subalgebra, gives rise to the classical interacting particle systems studied in classical statistical mechanics.

In the first chapter of the book, it is proved that this conjecture is true and that the class of quantum-dynamical semigroups arising from the stochastic limit, in the weak coupling regime, has a rich structure which allows one in some cases to write down explicitly their invariant or equilibrium distributions. Chapter 2 discusses simple and effective methods to analyze qualitatively the behavior of quantum Markov semigroups. The general methods discussed in the first two chapters are mainly effective in finite volume. New ideas and techniques which are specific to certain classes of generators need to be developed for use in infinite volume; this is the subject of the last chapter.

Contents:

Lectures on Quantum Interacting Particle Systems (L Accardi & S Kozyrev):
Basic Ideas of the Stochastic Limit
Equilibrium and Nonequilibrium Spin-Boson Models
Dynamics of Quantum Spin Systems
Structure of the Markov Flows
Existence of Infinite Volume Flows for Quantum Spin Systems
Appendix: Basic Notions on Semigroups and Dissipations
Lectures on the Qualitative Analysis of Quantum Markov Semigroups (F Fagnola & R Reborello):
Quantum Markov Semigroups and Master Equations
The Existence of Stationary States
Faithful Stationary States and Irreducibility
The Convergence Towards the Equilibrium
Analysis of Classical and Quantum Interacting Particle Systems (B Zegarlinski):
Construction and Ergodicity of Jump Type Dynamics
Hypercontractivity and Strong Ergodicity for Classical Systems
Logarithmic Sobolev Inequality in Non-Commutative Setting
Particle Structure and Hypercontractivity

Readership: Researchers in probability & statistics, stochastic, mathematical physics, quantum physics.

350pp (approx.) Pub. date: Scheduled Fall 2002
ISBN 981-238-104-X

Bernard Helffer (Universite Paris-Sud, France)

SEMICLASSICAL ANALYSIS, WITTEN LAPLACIANS AND STATISTICAL MECHANICS

This important book explains how the technique of Witten Laplacians may be useful in statistical mechanics. It considers the problem of analyzing the decay of correlations, after presenting its origin in statistical mechanics. In addition, it compares the Witten Laplacian approach with other techniques, such as the transfer matrix approach and its semiclassical analysis. The author concludes by providing a complete proof of the uniform Log?Sobolev inequality.

Readership: Graduate students and researchers in the fields of partial differential equations, mathematical physics and statistical physics.

180pp (approx.) Pub. date: Scheduled Fall 2002
ISBN 981-238-098-1