Let [X/G] be a smooth Deligne-Mumford quotient stack. In a previous paper the
authors constructed a class of exotic products called inertial products on
K(I[X/G]), the Grothendieck group of vector bundles on the inertia stack
I[X/G]. In this paper we develop a theory of Chern classes and compatible power
operations for inertial products. When G is diagonalizable these give rise to
an augmented λ-ring structure on inertial K-theory.
One well-known inertial product is the virtual product. Our results show that
for toric Deligne-Mumford stacks there is a λ-ring structure on
inertial K-theory. As an example, we compute the λ-ring structure on
the virtual K-theory of the weighted projective lines P(1,2) and P(1,3). We
prove that after tensoring with C, the augmentation completion of this
λ-ring is isomorphic as a λ-ring to the classical K-theory of
the crepant resolutions of singularities of the coarse moduli spaces of the
cotangent bundles T∗P(1,2) and T∗P(1,3), respectively. We interpret this
as a manifestation of mirror symmetry in the spirit of the Hyper-Kaehler
Resolution Conjecture.Comment: Many improvements. Special thanks to the referee for helpful
suggestions. To appear in Annals of K-Theory. arXiv admin note: text overlap
with arXiv:1202.060