On sigma model RG flow, "central charge" action and Perelman's entropy
A.A. Tseytlin

TL;DR
This paper explores the RG flow in 2d sigma models, extending Perelman's entropy functional to all loop orders, showing it correlates with the central charge and supports the c-theorem.
Contribution
It generalizes Perelman's entropy functional from Ricci flow to all loop orders in sigma models, linking it to the central charge and RG flow monotonicity.
Findings
The entropy functional equals minus the central charge at fixed points.
The generalized entropy supports the gradient flow structure of the RG.
Extension of monotonicity proof to all loop orders.
Abstract
Zamolodchikov's c-theorem type argument (and also string theory effective action constructions) imply that the RG flow in 2d sigma model should be gradient one to all loop orders. However, the monotonicity of the flow of the target-space metric is not obvious since the metric on the space of metric-dilaton couplings is indefinite. To leading (one-loop) order when the RG flow is simply the Ricci flow the monotonicity was proved by Perelman (math.dg/0211159) by constructing an ``entropy'' functional which is essentially the metric-dilaton action extremised with respect to the dilaton with a condition that the target-space volume is fixed. We discuss how to generalize the Perelman's construction to all loop orders (i.e. all orders in \alpha'). The resulting ``entropy'' is equal to minus the central charge at the fixed points, in agreement with the general claim of the c-theorem.
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