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Filtered colimits, i.e., colimits over schemes $\cal D$ such that $\cal D$-colimits in $\Set$ commute with finite limits, have a natural generalization to sifted colimits: these are colimits over schemes $\cal D$ such that $\cal D$-colimits in $\Set$ commute with finite products. An important example: reflexive coequalizers are sifted colimits. Generalized varieties are defined as free completions of small categories under sifted-colimits (analogously to finitely accessible categories which are free filtered-colimit completions of small categories). Among complete categories, generalized varieties are precisely the varieties. Further examples: category of fields, category of linearly ordered sets, category of nonempty sets.
@article{TAC_2001_8_a2, author = {J. Adamek and J. Rosicky}, title = {On sifted colimits and generalized varieties}, journal = {Theory and applications of categories}, pages = {33--53}, publisher = {mathdoc}, volume = {8}, year = {2001}, language = {en}, url = {http://geodesic.mathdoc.fr/item/TAC_2001_8_a2/} }
J. Adamek; J. Rosicky. On sifted colimits and generalized varieties. Theory and applications of categories, Tome 8 (2001), pp. 33-53. http://geodesic.mathdoc.fr/item/TAC_2001_8_a2/