Local spectral theory for subordinated operators: the Cesàro operator and beyond

Abstract: We study local spectral properties for subordinated operators arising from $C_0$-semi-groups. Specifically, if $\mathcal{T}=(T_t){t\geq 0}$ is a $C_0$-semigroup acting boundedly on a complex Banach space and $$\mathcal{H}\nu = \int_{0}^{\infty} T_t\; d\nu(t)$$ is the subordinated operator associated to $\mathcal{T}$, where $\nu$ is a sufficiently regular complex Borel measure supported on $[0,\infty)$, it is shown that $\mathcal{H}\nu$ does not enjoy the \textit{Single Valued Extension Property} (SVEP) and has dense \textit{glocal spectral subspaces} in terms of the spectrum of the generator of $\mathcal{T}$. Likewise, the adjoint $\mathcal{H}\nu^{\ast}$ has trivial spectral subspaces and enjoys the Dunford property. As an application, for the classical Ces`aro operator $\mathcal{C}$ acting on the Hardy spaces $H^p$ ($1<p<\infty$), it follows that the local spectrum of $\mathcal{C}$ at any non-zero $H^p$-function or the spectrum of the restriction of $\mathcal{C}$ to any of its non-trivial closed invariant subspaces coincides with the spectrum of $\mathcal{C}$. Finally, we characterize the local spectral properties of subordinated operators arising from hyperbolic semigroups of composition operators acting on $H^p$ ($1<p<\infty$), which will depend only on the geometry of the associated Koenigs domain.