Spectral theory for one-dimensional (non-symmetric) stable processes killed upon hitting the origin

Abstract

We obtain an integral formula for the distribution of the first hitting time of the origin for one-dimensional $\alpha$-stable processes $X_t$, where $\alpha \in (1,2)$. We also find a spectral-type integral formula for the transition operators $P_0^t$ of $X_t$ killed upon hitting the origin. Both expressions involve exponentially growing oscillating functions, which play a role of generalised eigenfunctions for $P_0^t$.