Essential localizations and infinitary exact completion

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Using extensively the universality property of the exact completion of a category with weak small limits, the author gives analogous proofs for two new characterization theorems for localizations of varieties of general algebras and of presheaf categories. These characterizations strengthen existing results in so far as a certain commutation property for products and filtered colimits (AB 6) is assumed only up to a regular epimorphism.











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