Description:
We analyze the behavior of the trace of the resolvent of an elliptic cone differential operator as the spectral parameter tends to infinity. The resolvent splits into two components, one associated with the minimal extension of the operator, and another, of finite rank, depending on the particular choice of domain. We give a full asymptotic expansion of the first. component and expand the component of finite rank in the case where the domain is stationary. The results make use of, and develop further, our previous investigations on the analytic and geometric structure of the resolvent. The analysis of nonstationary domains, considerably more intricate, is pursued elsewhere.