We characterize the Archimedean vector lattices that admit a positively
homogeneous continuous function calculus by showing that the following two
conditions are equivalent for each n-tuple $\boldsymbol{x} =
(x_1,\ldots,x_n)\in X^n,whereXisanArchimedeanvectorlatticeandn\in\mathbb N$:
- there is a vector lattice homomorphism $\Phi_{\boldsymbol{x}}\colon H_n\to
Xsuchthat\Phi_{\boldsymbol{x}}(\pi_i^{(n)})=x_i$ (i∈{1,…,n}),
where Hn denotes the vector lattice of positively homogeneous, continuous,
real-valued functions defined on Rn and $\pi_i^{(n)}\colon\mathbb
R^n\to\mathbb Risthei^{th}$ coordinate projection;
- there is a positive element e∈X such that $e\geqslant\lvert
x_1\rvert\vee\cdots\vee\lvert x_n\rvertandthenorm\lVert x\rVert_e =
\inf\bigl{\lambda\in[0,\infty):\colon:\lvert x\rvert\le\lambda e\bigr}$,
defined for each x in the order ideal Ie of X generated by e, is
complete when restricted to the closed sublattice of Ie generated by
x1,…,xn.
Moreover, we show that a vector space which admits a `sufficiently strong’
Hn-function calculus for each n∈N is automatically a vector
lattice, and we explore the situation in the non-Archimedean case by showing
that some non-Archimedean vector lattices admit a positively homogeneous
continuous function calculus, while others do not.