Abstract
In this note we consider local time of a regular, transient diffusion as a density of a occupation measure, on the one hand, and as a dual predictable projection, on the other hand. The essential tool in our discussion is the Doob-Meyer decomposition for submartingales.
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Salminen, P. (1985). On local times of a diffusion. In: Azéma, J., Yor, M. (eds) Séminaire de Probabilités XIX 1983/84. Lecture Notes in Mathematics, vol 1123. Springer, Berlin, Heidelberg. https://doi.org/10.1007/BFb0075839
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DOI: https://doi.org/10.1007/BFb0075839
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