Non-well-founded trees in categories
  Non-well-founded trees are used in mathematics and computer science, for modelling non-well-founded sets, as well as non-terminating processes or infinite data-structures. Categorically, they arise as final coalgebras for polynomial endofunctors, which we call M-types. In order to reason about trees, we need the notion of path, which can be formalised in the internal logic of any locally cartesian closed pretopos with a natural number object. In such categories, we derive existence results about M-types, leading to stability of locally cartesian closed pretoposes with a natural number object and M-types under slicing, formation of coalgebras (for a cartesian comonad), and sheaves for an internal site. 
Benno van den Berg and Federico de Marchi