On the formal arc space of a reductive monoid
Alexis Bouthier, Ngo Bao Chau, Yiannis Sakellaridis

TL;DR
This paper constructs a canonical function on the arc space of a scheme over a finite field, linking it to local L-functions, and confirms a conjecture for L-monoids.
Contribution
It defines a basic function on the arc space of reductive monoids and computes it explicitly for affine toric varieties and L-monoids, confirming a conjecture.
Findings
The basic function corresponds to the trace of Frobenius on intersection complex stalks.
For affine toric varieties and L-monoids, the function matches the generating function of local unramified L-functions.
The conjecture for L-monoids is proved.
Abstract
Let be a scheme of finite type over a finite field , and let denote its arc space; in particular, . Using the theory of Grinberg, Kazhdan, and Drinfeld on the finite-dimensionality of singularities of in the neighborhood of non-degenerate arcs, we show that a canonical "basic function" can be defined on the non-degenerate locus of , which corresponds to the trace of Frobenius on the stalks of the intersection complex of any finite-dimensional model. We then proceed to compute this function when is an affine toric variety or an "-monoid". Our computation confirms the expectation that the basic function is a generating function for a local unramified -function; in particular, in the case of an -monoid we prove a conjecture formulated by the second-named author.
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