Aldous diffusion I: a projective system of continuum $k$-tree evolutions

Abstract: The Aldous diffusion is a conjectured Markov process on the space of real trees that is the continuum analogue of discrete Markov chains on binary trees. We construct this conjectured process via a consistent system of stationary evolutions of binary trees with $k$ labeled leaves and edges decorated with diffusions on a space of interval partitions constructed in previous work by the same authors. This pathwise construction allows us to study and compute path properties of the Aldous diffusion including evolutions of projected masses and distances between branch points. A key part of proving the consistency of the projective system is Rogers and Pitman's notion of intertwining.