Lifting defects for nonstable K_0-theory of exchange rings and C*-algebras
Friedrich Wehrung (LMNO)

TL;DR
This paper investigates the limitations of lifting nonstable K_0-theory functors from monoids to exchange rings and C*-algebras, revealing fundamental obstructions and constructing specific counterexamples.
Contribution
It proves the non-existence of certain functors that lift K_0-theory from monoids to rings and C*-algebras, and constructs explicit counterexamples demonstrating these limitations.
Findings
No functor from simplicial monoids to exchange rings can be equivalent to the identity.
No functor from simplicial monoids to C*-algebras of real rank 0 can be equivalent to the identity.
Existence of a unital exchange ring with specific properties whose V-monoid is not isomorphic to that of any C*-algebra of real rank 0 or regular ring.
Abstract
The assignment (nonstable K_0-theory), that to a ring R associates the monoid V(R) of Murray-von Neumann equivalence classes of idempotent infinite matrices with only finitely nonzero entries over R, extends naturally to a functor. We prove the following lifting properties of that functor: (1) There is no functor F, from simplicial monoids with order-unit with normalized positive homomorphisms to exchange rings, such that VF is equivalent to the identity. (2) There is no functor F, from simplicial monoids with order-unit with normalized positive embeddings to C*-algebras of real rank 0 (resp., von Neumann regular rings), such that VF is equivalent to the identity. (3) There is a {0,1}^3-indexed commutative diagram D of simplicial monoids that can be lifted, with respect to the functor V, by exchange rings and by C*-algebras of real rank 1, but not by semiprimitive exchange rings, thus…
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