Weak similarity orbit of (log)‐self‐similar Markov semigroups on the Euclidean space

We start by identifying a class of pseudo‐differential operators, generated by the set of continuous negative definite functions, that are in the weak similarity (WS) orbit of the self‐adjoint log‐Bessel operator on the Euclidean space. These WS relations turn out to be useful to first characterize a core for each operator in this class, which enables us to show that they generate a class, denoted by P$\mathcal {P}$ , of non‐self‐adjoint C0$\mathcal {C}_0$ ‐contraction positive semigroups. Up to a homeomorphism, P$\mathcal {P}$ includes, as fundamental objects in probability theory, the family of self‐similar Markov semigroups on R+d$\mathbb {R}_+^d$ . Relying on the WS orbit, we characterize the nature of the spectrum of each element in P$\mathcal {P}$ that is used in their spectral representation which depends on analytical properties of the Bernstein‐gamma functions defined from the associated negative definite functions, and, it is either the point, residual, approximate or continuous spectrum. We proceed by providing a spectral representation of each element in P$\mathcal {P}$ which is expressed in terms of Fourier multiplier operators and valid, at least, on a dense domain of a natural weighted L2$\mathbf {L}^{2}$ ‐space. Surprisingly, the domain is the full Hilbert space when the spectrum is the residual one, something which seems to be noticed for the first time in the literature. We end up the paper by presenting a series of examples for which all spectral components are computed explicitly in terms of special functions or recently introduced power series.