Exponential functionals of two random walks and stationary measures of discrete growth processes
Year: 2026
Type: preprint
Abstract: We study random walks with geometric or log-gamma increments, reweighted by certain exponential functionals. We establish precise asymptotics for all moments of exponential functionals, revealing a phase transition as the drifts of the walks vary. To describe the large time limit of reweighted random walks, we introduce a discrete $T$ transformation on random walk paths and establish Girsanov relations. As a corollary, we show that the stationary measures of geometric last passage percolation and the log-gamma polymer on a strip converge to their half-space counterparts as the strip width tends to infinity. In the log-gamma case, this provides an alternative proof of a recent result in arXiv:2607.17030.
Source: arXiv (Cornell University)
Author: Ouyang, Zikun
Language: English
Subfield: Mathematical Physics
Field: Mathematics
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W7222149053