TITLE: Non-representable functor, representable on locally Noetherian schemes?
QUESTION [9 upvotes]: What is an example of a functor $F : \mathbb{C}\text{-Sch.} \to \text{Sets}$ with the property that
the restriction of $F$ to locally Noetherian $\mathbb{C}$-schemes can be represented by a locally Noetherian $\mathbb{C}$-scheme, but that scheme does not represent $F$.
I'd be particularly nice to see a "real-world" example (though this might be stretching the notion
of "real-world").

REPLY [18 votes]: Define $F(X) = {\rm{Hom}}_{\mathbf{C}}(X,{\rm{Spec}}(R/tR))$ where $R$ is the valuation ring of an algebraic closure of $\mathbf{C}((t))$. Note that every element of the maximal ideal of $R/tR$ is nilpotent yet also an $N$th power for arbitrarily large $N$.  For any noetherian $\mathbf{C}$-algebra $A$, every $\mathbf{C}$-algebra map $R/tR \rightarrow A$ carries
the maximal ideal into the nilradical of $A$.  But the nilradical of $A$ has all elements
with vanishing $n$th power for some uniform $n$ (depending on $A$) since $A$ is noetherian, so in fact the maximal ideal of $R/tR$ is killed by any such map.  In other words, the restriction of $F$ to the full subcategory of locally noetherian objects is represented by ${\rm{Spec}}(\mathbf{C})$. 
This is a perfectly "real world" example, since valuation rings of algebraic closures of complete discretely-valued fields come up all the time in number theory and rigid-analytic geometry.