Abstract
We give a description of faces of all codimensions for the cones of weights of rings of semi-invariants of quivers. For a triple flag quiver and faces of codimension 1 this reduces to the result of Knutson-Tao-Woodward on the facets of the Klyachko cone. We give new applications to Littlewood-Richardson coefficients, including a product formula for LR-coefficients corresponding to triples of partitions lying on a wall of the Klyachko cone. We systematically review and develop the necessary methods (exceptional and Schur sequences, orthogonal categories, semi-stable decompositions, GIT quotients for quivers). In the Appendix we include a version of Belkale's geometric proof of Fulton's conjecture that works for arbitrary quivers.
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