Local times of deterministic paths with finite variation (2405.13174v1)

Abstract: In this note, we define the numbers of level crossings by a c{`a}dl{`a}g (RCLL) real function $x: [0,+\infty) \rightarrow R$ and, in analogy to the work of Bertoin and Yor [BY14] we prove that for $x$ with locally finite total variation these numbers are densities of relevant occupation measures associated with $x$. Next, depending on the regularity of $x$ and $f: R \rightarrow R$, we derive change of variable formulas, which may be seen as analogous of the It^o or Tanaka-Meyer formulas. Some of these formulas are present in [BY14] but we also present some generalizations.