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If is a category and is an endofunctor, we can form the category of algebras of .
But it turns out that the mapping is functorial!
The domain of is the category of endofunctors. Objects are endofunctors and a morphism from to consists of
So this is the oplax arrow category , where is the monoid considered as a one-object category. Cf. https://ncatlab.org/nlab/show/lax+natural+transformation
The codomain of is . The morphism maps to the functor which sends the algebra to the algebra .
Anybody heard of this before, or know what it is a special case of or something?
Relevant earlier discussion https://categorytheory.zulipchat.com/#narrow/stream/229136-theory.3A-category.20theory/topic/functors.20between.20categories.20of.20F-algebras/near/218334677
Also BTW if you take oplax natural transformations instead it then it works for coalgebras
It is certainly well-known. E.g., IIRC, if you unfold Theorem 6 of "the formal theory of monads", it relates monads on a cat to monadic functors over it. There might be more elementary references...
@Tom Hirschowitz Can you explain the relevance of that to this situation? Not sure where the monads or monadic functors are here...
The analagous construction for (co)monad (co)algebras is in The formal theory of monads, though I don't think that the construction for arbitrary endofunctor (co)algebras follows directly. If you look at the 2-category of monads that Street defines, you'll see it matches your category of endofunctors.