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Around multivariate Schmidt-Spitzer theorem

Given an arbitrary complex-valued infinite matrix A and a positive integer n we introduce a naturally associated polynomial basis B_A of C[x0...xn]. We discuss some properties of the locus of common zeros of all polynomials in B_A having a given degree m; the latter locus can be interpreted as the spectrum of the m*(m+n)-submatrix of A formed by its m first rows and m+n first columns. We initiate the study of the asymptotics of these spectra when m goes to infinity in the case when A is a banded Toeplitz matrix. In particular, we present and partially prove a conjectural multivariate analog of the well-known Schmidt-Spitzer theorem which describes the spectral asymptotics for the sequence of principal minors of an arbitrary banded Toeplitz matrix. Finally, we discuss relations between polynomial bases B_A and multivariate orthogonal polynomials.