Open String Renormalization Group Flow as a Field Theory

Abstract This article shows that the integral flow‐lines of the RG‐flow of open string theory can be interpreted as the solitons of a Hořova–Lifshitz sigma‐model of open membranes. The authors argue that the effective background description of this model implies the g‐theorem of open string theory. Its close connection to boundary string field theory is described. Additionally, the study endows the Hilbert space of the open membrane with a graded non‐commutative, associative, cyclic algebra and construct an open membrane field theory, whose action measures the energy difference between different backgrounds in open string field theory. The authors use an identity‐based membrane field to proof Sen's conjecture. Finally, the ideas are applied to the topological string and it is shown that the membrane action is quantized in equivariant K‐theory of the moduli space of framed instantons.