We investigate the upper tail probabilities of the all-time maximum of a stable Lévy process with a power negative drift. The asymptotic behaviour is shown to be exponential in the spectrally negative case and polynomial otherwise, with explicit exponents and constants. Analogous results are obtained, at a less precise level, for the fractionally integrated stable Lévy process. We also study the lower tail probabilities of the integrated stable Lévy process in the presence of a power positive drift.
"Cramér’s estimate for stable processes with power drift." Electron. J. Probab. 24 1 - 21, 2019. https://doi.org/10.1214/19-EJP275