Monoid automata for displacement context-free languages

In 2007 Kambites presented an algebraic interpretation of Chomsky-Schutzenberger theorem for context-free languages. We give an interpretation of the corresponding theorem for the class of displacement context-free languages which are equivalent to well-nested multiple context-free languages. We also obtain a characterization of k-displacement context-free languages in terms of monoid automata and show how such automata can be simulated on two stacks. We introduce the simultaneous two-stack automata and compare different variants of its definition. All the definitions considered are shown to be equivalent basing on the geometric interpretation of memory operations of these automata.