Coproducts of monads on Set have arisen in both the study of computational effects and universal algebra. We describe coproducts of consistent monads on Set by an initial algebra formula, and prove also the converse: if the coproduct exists, so do
the required initial algebras. That formula was, in the case of ideal monads, also used by Ghani and Uustalu. We deduce that coproduct embeddings of consistent monads are injective; and that a coproduct of injective monad morphisms is injective. Two consistent monads have a coproduct iff either they have arbitrarily large common fixpoints, or one is an exception monad, possibly modified to preserve the empty set. Hence a consistent monad has a coproduct with every monad iff it is an exception monad, possibly modified to preserve the empty set. We also show other fixpoint results, including that a functor (not constant on nonempty sets) is finitary iff every sufficiently large cardinal is a fixpoint.
We study a composition operation on monads, equivalently presented as large equational theories. Specifically, we discuss the existence of tensors, which are combinations of theories that impose mutual commutation of the operations from the component
theories. As such, they extend the sum of two theories, which is just their unrestrained combination. Tensors of theories arise in several contexts; in particular, in the semantics of programming languages, the monad transformer for global state is given by a tensor. We present two main results: we show that the tensor of two monads need not in general exist by presenting two counterexamples, one of them involving finite powerset (i.e. the theory of join semilattices); this solves a somewhat long-standing open problem, and contrasts with recent results that had ruled out previously expected counterexamples. On the other hand, we show that tensors with bounded powerset monads do exist from countable powerset upwards.
