A class of limit algebras associated with directed graphs

Every directed graph defines a Hilbert space and a family of weighted shifts that act on the space. We identify a natural notion of periodicity for such shifts and study their C*-algebras. We prove the algebras generated by all shifts of a fixed period are of Cuntz-Krieger and Toeplitz-Cuntz-Krieger type. The limit C*-algebras determined by an increasing sequence of positive integers, each dividing the next, are proved to be isomorphic to Cuntz-Pimsner algebras and the linking maps are shown to arise as factor maps. We derive a characterization of simplicity and compute the $K$-groups for these algebras. We prove a classification theorem for the class of algebras generated by simple loop graphs.