The value semigroup of a plane curve singularity with several branches
We present a constructive procedure, based on the notion of Ap\'ery set, to obtain the value semigroup of a plane curve singularity from the value semigroup of its blow-up and viceversa. In particular we give a blow-down process that allows to reconstruct a plane algebroid curve form its blow-up, even if it is not local. Then we characterize numerically all the possible multiplicity trees of plane curve singularities, obtaining in this way a constructive description of all their value semigroups.
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