On planar Brownian motion singularly tilted through a point potential

Abstract

We discuss a family of time-inhomogeneous two-dimensional diffusions, defined over a finite time interval $[0,T]$, having transition density functions that are expressible in terms of the integral kernels for negative exponentials of the two-dimensional Schrödinger operator with a point potential at the origin. These diffusions have a singular drift pointing in the direction of the origin that is strong enough to enable the possibly of visiting there, in contrast to a two-dimensional Brownian motion. Our main focus is on characterizing a local time process at the origin analogous to that for a one-dimensional Brownian motion and on studying the law of its process inverse.

75 pages. This version includes a few small changes in the introduction