Abstract
Let and for an integer , let denote the symmetric group, consisting of of all permutations of the set . A function is symmetric if for all and all . The polydisc algebra is the Banach algebra of all holomorphic functions on the polydisc that can be continuously extended to the closure of the polydisc in , with pointwise operations and the supremum norm (given by ). Let be the Banach subalgebra of consisting of all symmetric functions in the polydisc algebra. Algebraic-analytic properties of are investigated. In particular, the following results are shown: the corona theorem, description of the maximal ideal space and its contractibility, Hermiteness, projective-freeness, and non-coherence.
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