This paper is part of a general program in complex dynamics to understand parameter spaces of transcendental maps with finitely many singular values. The simplest families of such functions have two asymptotic values and no critical values. These families, up to affine conjugation, depend on two complex parameters. Understanding their parameter spaces is key to understanding families with more asymptotic values, just as understanding quadratic polynomials was for rational maps more generally. The first such families studied were the one-dimensional slices of the exponential family, exp ( z ) + a \exp (z) + a , and the tangent family λ tan z \lambda \tan z . The exponential case exhibited phenomena not seen for rational maps: Cantor bouquets in both the dynamic and parameter spaces, and no bounded hyperbolic components. The tangent case, with its two finite asymptotic values ± λ i \pm \lambda i , is closer to the rational case, a kind of infinite degree version of the latter. In this paper, we consider a general family that interpolates between exp ( z ) + a \exp (z) + a and λ tan z \lambda \tan z . Our new family has two asymptotic values and a one-dimensional slice for which one of the asymptotic values is constrained to be a pole, the “polar asymptotic value” of the title. We show how the dynamic and parameter planes for this slice exhibit behavior that is a surprisingly delicate interplay between that of the exp ( z ) + a \exp (z) + a and λ tan z \lambda \tan z families.
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