A variational problem with lack of compactness for H(S;S) maps of prescribed degree

We consider, for maps in H^1/2(S¹;S¹), a family of (semi)norms equivalent to the standard one. We ask whether, for such a norm, there is some map in H^1/2(S¹;S¹) of prescribed topological degree equal to 1 and minimal norm. In general, the answer is no, due to concentration phenomena. The existence of a minimal map is sensitive to small perturbations of the norm. We derive a sufficient condition for the existence of minimal maps. In particular, we prove that, for every given norm, there are arbitrarily small perturbations of it for which the minimum is attained. In case there is no minimizer, we determine the asymptotic behavior of minimizing sequences. We prove that, for such minimizing sequences, the energy concentrates near a point of S¹. We describe this concentration in terms of bubbling-off of circles.