Abstract
The first two Hilbert coefficients of a primary ideal play an important role in commutative algebra and in algebraic geometry. In this paper we give a complete algebraic structure of the Sally module of integrally closed ideals in a Cohen-Macaulay local ring satisfying the equality where is a minimal reduction of , and and denote the first two Hilbert coefficients of respectively the multiplicity and the Chern number of . This almost extremal value of with respect classical inequalities holds a complete description of the homological and the numerical invariants of the associated graded ring. Examples are given.
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