Ab Initio Wall-Crossing
Heeyeon Kim, Jaemo Park, Zhaolong Wang, and Piljin Yi

TL;DR
This paper develops a rigorous quantum mechanical framework for counting BPS states and deriving wall-crossing formulas, clarifying the role of moduli spaces and statistical factors in supersymmetric theories.
Contribution
It introduces a universal supersymmetric quantum mechanics model for BPS objects, deriving a Dirac index and a general wall-crossing formula applicable to black holes and dyons.
Findings
Derived a supersymmetric quantum mechanics for BPS objects.
Established a Dirac index as the state counting tool.
Unified wall-crossing formula for various BPS states.
Abstract
We derive supersymmetric quantum mechanics of n BPS objects with 3n position degrees of freedom and 4n fermionic partners with SO(4) R-symmetry. The potential terms, essential and sufficient for the index problem for non-threshold BPS states, are universal, and 2(n-1) dimensional classical moduli spaces M_n emerge from zero locus of the potential energy. We emphasize that there is no natural reduction of the quantum mechanics to M_n, contrary to the conventional wisdom. Nevertheless, via an index-preserving deformation that breaks supersymmetry partially, we derive a Dirac index on M_n as the fundamental state counting quantity. This rigorously fills a missing link in the "Coulomb phase" wall-crossing formula in literature. We then impose Bose/Fermi statistics of identical centers, and derive the general wall-crossing formula, applicable to both BPS black holes and BPS dyons. Also…
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