Abstract
Phase transitions are studied in -theory and -theory. In -theory compactification to five dimensions on a Calabi-Yau, there are topology-changing transitions similar to those seen in conformal field theory, but the non-geometrical phases known in conformal field theory are absent. At boundaries of moduli space where such phases might have been expected, the moduli space ends, by a conventional or unconventional physical mechanism. The unconventional mechanisms, which roughly involve the appearance of tensionless strings, can sometimes be better understood in -theory.
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