Core and residual intersections of ideals

D. Rees and J. Sally defined the core of an R-ideal I as the intersection of all (minimal) reductions of I. However, it is not easy to give an explicit characterization of it in terms of data attached to the ideal. Until recently, the only case in which a closed formula was known is the one of integrally closed ideals in a two-dimensional regular local ring, due to C. Huneke and I. Swanson. The main result of this paper explicitly describes the core of a broad class of ideals with good residual properties in an arbitrary local Cohen-Macaulay ring. We also find sharp bounds on the number of minimal reductions that one needs to intersect to get the core.