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The free category on a directed graph doesn't have very many limits and colimits or other categorical properties, but here are some interesting ones it does have:
Property (3) follows from (1) and (2), but properties (1) and (3) have the nice property that they are preserved by products of categories, so that categories of the form also have them.
Are there any other interesting properties like this? Does anyone know a reference for any of them?
For what interest this has: has a terminal object iff is a rooted tree (directed toward the root as terminal object).
Ah yes. Nice!
The only idempotent endomorphisms are identities. Similarly for isomorphisms, although that's not equivalence-invariant.
Property 2 that you observed is known as equidivisibility for monoids. Apparently that plus grading (that every morphism has a well-defined length) characterizes free monoids, so maybe you can characterize free categories that way.
Thanks for that link! As stated there, equidivisibility doesn't include the uniqueness of " or ". And with it stated that way at least, something must be wrong with that characterization, because any group with everything in degree 0 would satisfy it. The page Levi's lemma states the characterization as (non-unique) equidivisibilty plus a -grading such that only the identity has degree 0, which seems more plausible.
Oh, I see that apparently some people say "graded monoid" to mean a connected graded monoid, i.e. such that the identity is the only element of degree 0. That's confusing...
Hmm so greater precision is needed, but I expect the proof lifts reasonably directly?