**4. Conclusions and Conjecture**

We believe it is important to study the Løkka–Zervos alternative for spectrally negative Lévy processes and for spectrally negative additive Markov processes, both practically and methodologically. We conjecture that in those more general cases, more than two regimes will be involved, giving rise to *Løkka–Zervos alternatives*.

**Author Contributions:** The authors have contributed equally to this work.

**Funding:** J.-F.R. is acknowledging financial support from the Natural Sciences and Engineering Research Council of Canada (NSERC).

**Conflicts of Interest:** The authors declare no conflict of interest.
