No abstract

In this paper, Lie group representations on Hilbert spaces are studied in relation with operator ranges. Let R \mathcal {R} be an operator range of a Hilbert space H \mathcal {H} . Given the set Λ \Lambda of R \mathcal {R} -invariant operators, and given a Lie group representation ρ : G → GL ( H ) \rho :G\rightarrow \text {GL}(\mathcal {H}) , we discuss the induced semigroup homomorphism ρ ~ : ρ − 1 ( Λ ) → B ( R ) \widetilde {\rho }: \rho ^{-1}(\Lambda ) \rightarrow \mathcal {B(R)} for the operator range topology on R \mathcal {R} . In one direction, we work under the assumption ρ − 1 ( Λ ) = G \rho ^{-1} (\Lambda ) = G , so ρ ~ : G → B ( R ) \widetilde {\rho }:G\rightarrow \mathcal {B}(\mathcal {R}) is in fact a group representation. In this setting, we prove that ρ ~ \widetilde {\rho } is continuous (and smooth) if and only if the tangent map d ρ d\rho is R \mathcal {R} -invariant. In another direction, we prove that for the tautological representations of unitary or invertible operators of an arbitrary infinite-dimensional Hilbert space H \mathcal {H} , the set ρ − 1 ( Λ ) \rho ^{-1}(\Lambda ) is neither a group for a large set of nonclosed operator ranges R \mathcal {R} nor closed for all nonclosed operator ranges R \mathcal {R} . Both results are proved by means of explicit counterexamples.

We introduce some families of generalized Black–Scholes equations which involve the Riemann–Liouville and Weyl space-fractional derivatives. We prove that these generalized Black–Scholes equations are well-posed in $$(L^1-L^\infty )$$ ( L 1 - L ∞ ) -interpolation spaces. More precisely, we show that the elliptic-type operators involved in these equations generate holomorphic semigroups. Then, we give explicit integral expressions for the associated solutions. In the way to obtain well-posedness, we prove a new connection between bisectorial-like operators and sectorial operators in an abstract setting. Such a connection extends the scaling property of sectorial operators to a wider family of both operators and the functions involved.

No abstract

No abstract