A topological approach to key polynomials
In this paper we present characterizations of the sets of key polynomials and abstract key polynomials for a valuation $μ$ of $K(x)$, in terms of (ultrametric) balls in the algebraic closure $\overline K$ of $K$ with respect to $v$, a fixed extension of $μ_{\mid K}$ to $\overline K$. In particular, we show that the ways of augmenting $μ$, in the sense of Mac Lane, are in one-to-one correspondence with the partition of a fixed closed ball $B(a,δ)$ associated to $μ$ into the disjoint union of open balls $B^\circ(a_i,δ)$, modulo the action of the decomposition group of $v$. We also present a similar characterization for the set of limit key polynomials for an increasing family of valuations of $K(x)$.