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We analyse a continuous-time random walk model with stochastic reversals of direction. There is no external potential but the reorientation mechanism generates a non-zero current from asymmetry in the forward and backward waiting-time distributions (even when they have the same mean); the system can therefore can be considered as a type of active particle ratchet. We derive an explicit expression for the mean ratchet current with exponentially distributed reorientation times and also develop a general renewal-theory framework to obtain the full large deviations, using this to comment on the possibility of dynamical phase transitions.

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