In the first hour, we will discuss the ring of G_m invariant functions on V_m, and its relationship to the ring of functions on (V//G)_m, where V//G is the categorical quotient. These invariant rings were previously studied in some special cases by D. Eck, E. Frenkel, and D. Eisenbud.
In the second hour,
we will discuss an application of these results to vertex algebras. Given a
vertex algebra V and a subalgebra A, a basic problem is to describe the
commutant Com(A,V) by giving generators, operator product expansions, and
normally ordered polynomial relations among the generators. We solve this
problem for a family of examples where V is a "free field" algebra and A is
an affine vertex algebra. This is a joint work with Bailin Song (University
of Science and Technology of China).