Elementary equivalences and accessible functors
We introduce the notion of $λ$-equivalence and $λ$-embeddings of objects in suitable categories. This notion specializes to $L_{\inftyλ}$-equivalence and $L_{\inftyλ}$-elementary embedding for categories of structures in a language of arity less than $λ$, and interacts well with functors and $λ$-directed colimits. We recover and extend results of Feferman and Eklof on "local functors" without fixing a language in advance. This is convenient for formalizing Lefschetz's principle in algebraic geometry, which was one of the main applications of the work of Eklof.