Abstract: Given an action of a monoid on a ring by ring endomorphisms, and an Ore subset of , a general construction of a fractional skew monoid ring is given, extending the usual constructions of skew group rings and of skew semigroup rings. In case is a subsemigroup of a group such that , we obtain a -graded ring with the property that, for each , the -component contains a left invertible element and the -component contains a right invertible element. In the most basic case, where is the additive group of integers and is the submonoid of nonnegative integers, the construction is fully determined by a single ring endomorphism of . If is an isomorphism onto a proper corner , we obtain an analogue of the usual skew Laurent polynomial ring, denoted by . Examples of this construction are given, and it is proven that several classes of known algebras, including the Leavitt algebras of type , can be presented in the form . Finally, mild and reasonably natural conditions are obtained under which is a purely infinite simple ring.
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