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We introduce the notion of a polynomial stability condition, generalizing Bridgeland
stability conditions on triangulated categories. We construct and study a family of
polynomial stability conditions for any normal projective variety. This family
includes both Simpson-stability and large volume limits of Bridgeland stability
conditions.
We show that the PT/DT–correspondence relating stable pairs to
Donaldson–Thomas invariants (conjectured by Pandharipande and Thomas) can be
understood as a wall-crossing in our family of polynomial stability conditions.
Similarly, we show that the relation between stable pairs and invariants of
one-dimensional torsion sheaves (proven recently by the same authors) is a
wall-crossing formula.
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