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We show that if X is a toric scheme over a regular ring containing a field then the direct limit of the K-groups of X taken over any infinite sequence of nontrivial dilations is homotopy invariant. This theorem was known in characteristic 0. The affi ne case of our result was conjectured by Gubeladze.
We give conditions for the Mayer-Vietoris property to hold for the algebraic K-theory of blow-up squares of toric varieties in any characteristic, using the theory of monoid schemes. These conditions are used to relate algebraic K-theory to topologic al cyclic homology in characteristic p. To achieve our goals, we develop for monoid schemes many notions from classical algebraic geometry, such as separated and proper maps.
Let $R$ be the homogeneous coordinate ring of a smooth projective variety $X$ over a field $k$ of characteristic~0. We calculate the $K$-theory of $R$ in terms of the geometry of the projective embedding of $X$. In particular, if $X$ is a curve then we calculate $K_0(R)$ and $K_1(R)$, and prove that $K_{-1}(R)=oplus H^1(C,cO(n))$. The formula for $K_0(R)$ involves the Zariski cohomology of twisted Kahler differentials on the variety.
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