Proof.
In this proof we write \mathcal{O}_ X for the structure sheaf of the small étale site X_{\acute{e}tale}, and similarly for \mathcal{O}_ Y. Say Y = \mathop{\mathrm{Spec}}(B) and X = \mathop{\mathrm{Spec}}(A). Since B = \Gamma (Y_{\acute{e}tale}, \mathcal{O}_ Y), A = \Gamma (X_{\acute{e}tale}, \mathcal{O}_ X) we see that g^\sharp induces a ring map \varphi : B \to A. Let f = \mathop{\mathrm{Spec}}(\varphi ) : X \to Y be the corresponding morphism of affine schemes. We will show this f does the job.
Let V \to Y be an affine scheme étale over Y. Thus we may write V = \mathop{\mathrm{Spec}}(C) with C an étale B-algebra. We can write
C = B[x_1, \ldots , x_ n]/(P_1, \ldots , P_ n)
with P_ i polynomials such that \Delta = \det (\partial P_ i/ \partial x_ j) is invertible in C, see for example Algebra, Lemma 10.143.2. If T is a scheme over Y, then a T-valued point of V is given by n sections of \Gamma (T, \mathcal{O}_ T) which satisfy the polynomial equations P_1 = 0, \ldots , P_ n = 0. In other words, the sheaf h_ V on Y_{\acute{e}tale} is the equalizer of the two maps
\xymatrix{ \prod \nolimits _{i = 1, \ldots , n} \mathcal{O}_ Y \ar@<1ex>[r]^ a \ar@<-1ex>[r]_ b & \prod \nolimits _{j = 1, \ldots , n} \mathcal{O}_ Y }
where b(h_1, \ldots , h_ n) = 0 and a(h_1, \ldots , h_ n) = (P_1(h_1, \ldots , h_ n), \ldots , P_ n(h_1, \ldots , h_ n)). Since g^{-1} is exact we conclude that the top row of the following solid commutative diagram is an equalizer diagram as well:
\xymatrix{ g^{-1}h_ V \ar[r] \ar@{..>}[d] & \prod \nolimits _{i = 1, \ldots , n} g^{-1}\mathcal{O}_ Y \ar@<1ex>[r]^{g^{-1}a} \ar@<-1ex>[r]_{g^{-1}b} \ar[d]^{\prod g^\sharp } & \prod \nolimits _{j = 1, \ldots , n} g^{-1}\mathcal{O}_ Y \ar[d]^{\prod g^\sharp }\\ h_{X \times _ Y V} \ar[r] & \prod \nolimits _{i = 1, \ldots , n} \mathcal{O}_ X \ar@<1ex>[r]^{a'} \ar@<-1ex>[r]_{b'} & \prod \nolimits _{j = 1, \ldots , n} \mathcal{O}_ X \\ }
Here b' is the zero map and a' is the map defined by the images P'_ i = \varphi (P_ i) \in A[x_1, \ldots , x_ n] via the same rule a'(h_1, \ldots , h_ n) = (P'_1(h_1, \ldots , h_ n), \ldots , P'_ n(h_1, \ldots , h_ n)). that a was defined by. The commutativity of the diagram follows from the fact that \varphi = g^\sharp on global sections. The lower row is an equalizer diagram also, by exactly the same arguments as before since X \times _ Y V is the affine scheme \mathop{\mathrm{Spec}}(A \otimes _ B C) and A \otimes _ B C = A[x_1, \ldots , x_ n]/(P'_1, \ldots , P'_ n). Thus we obtain a unique dotted arrow g^{-1}h_ V \to h_{X \times _ Y V} fitting into the diagram
We claim that the map of sheaves g^{-1}h_ V \to h_{X \times _ Y V} is an isomorphism. Since the small étale site of X has enough points (Theorem 59.29.10) it suffices to prove this on stalks. Hence let \overline{x} be a geometric point of X, and denote p the associate point of the small étale topos of X. Set q = g \circ p. This is a point of the small étale topos of Y. By Lemma 59.29.12 we see that q corresponds to a geometric point \overline{y} of Y. Consider the map of stalks
(g^\sharp )_ p : (\mathcal{O}_ Y)_{\overline{y}} = \mathcal{O}_{Y, q} = (g^{-1}\mathcal{O}_ Y)_ p \longrightarrow \mathcal{O}_{X, p} = (\mathcal{O}_ X)_{\overline{x}}
Since (g, g^\sharp ) is a morphism of locally ringed topoi (g^\sharp )_ p is a local ring homomorphism of strictly henselian local rings. Applying localization to the big commutative diagram above and Algebra, Lemma 10.153.12 we conclude that (g^{-1}h_ V)_ p \to (h_{X \times _ Y V})_ p is an isomorphism as desired.
We claim that the isomorphisms g^{-1}h_ V \to h_{X \times _ Y V} are functorial. Namely, suppose that V_1 \to V_2 is a morphism of affine schemes étale over Y. Write V_ i = \mathop{\mathrm{Spec}}(C_ i) with
C_ i = B[x_{i, 1}, \ldots , x_{i, n_ i}]/(P_{i, 1}, \ldots , P_{i, n_ i})
The morphism V_1 \to V_2 is given by a B-algebra map C_2 \to C_1 which in turn is given by some polynomials Q_ j \in B[x_{1, 1}, \ldots , x_{1, n_1}] for j = 1, \ldots , n_2. Then it is an easy matter to show that the diagram of sheaves
\xymatrix{ h_{V_1} \ar[d] \ar[r] & \prod _{i = 1, \ldots , n_1} \mathcal{O}_ Y \ar[d]^{Q_1, \ldots , Q_{n_2}}\\ h_{V_2} \ar[r] & \prod _{i = 1, \ldots , n_2} \mathcal{O}_ Y }
is commutative, and pulling back to X_{\acute{e}tale} we obtain the solid commutative diagram
\xymatrix{ g^{-1}h_{V_1} \ar@{..>}[dd] \ar[rrd] \ar[r] & \prod _{i = 1, \ldots , n_1} g^{-1}\mathcal{O}_ Y \ar[dd]^{g^\sharp } \ar[rrd]^{Q_1, \ldots , Q_{n_2}} \\ & & g^{-1}h_{V_2} \ar@{..>}[dd] \ar[r] & \prod _{i = 1, \ldots , n_2} g^{-1}\mathcal{O}_ Y \ar[dd]^{g^\sharp } \\ h_{X \times _ Y V_1} \ar[r] \ar[rrd] & \prod \nolimits _{i = 1, \ldots , n_1} \mathcal{O}_ X \ar[rrd]^{Q'_1, \ldots , Q'_{n_2}} \\ & & h_{X \times _ Y V_2} \ar[r] & \prod \nolimits _{i = 1, \ldots , n_2} \mathcal{O}_ X }
where Q'_ j \in A[x_{1, 1}, \ldots , x_{1, n_1}] is the image of Q_ j via \varphi . Since the dotted arrows exist, make the two squares commute, and the horizontal arrows are injective we see that the whole diagram commutes. This proves functoriality (and also that the construction of g^{-1}h_ V \to h_{X \times _ Y V} is independent of the choice of the presentation, although we strictly speaking do not need to show this).
At this point we are able to show that f_{small, *} \cong g_*. Namely, let \mathcal{F} be a sheaf on X_{\acute{e}tale}. For every V \in \mathop{\mathrm{Ob}}\nolimits (X_{\acute{e}tale}) affine we have
\begin{align*} (g_*\mathcal{F})(V) & = \mathop{\mathrm{Mor}}\nolimits _{\mathop{\mathit{Sh}}\nolimits (Y_{\acute{e}tale})}(h_ V, g_*\mathcal{F}) \\ & = \mathop{\mathrm{Mor}}\nolimits _{\mathop{\mathit{Sh}}\nolimits (X_{\acute{e}tale})}(g^{-1}h_ V, \mathcal{F}) \\ & = \mathop{\mathrm{Mor}}\nolimits _{\mathop{\mathit{Sh}}\nolimits (X_{\acute{e}tale})}(h_{X \times _ Y V}, \mathcal{F}) \\ & = \mathcal{F}(X \times _ Y V) \\ & = f_{small, *}\mathcal{F}(V) \end{align*}
where in the third equality we use the isomorphism g^{-1}h_ V \cong h_{X \times _ Y V} constructed above. These isomorphisms are clearly functorial in \mathcal{F} and functorial in V as the isomorphisms g^{-1}h_ V \cong h_{X \times _ Y V} are functorial. Now any sheaf on Y_{\acute{e}tale} is determined by the restriction to the subcategory of affine schemes (Topologies, Lemma 34.4.12), and hence we obtain an isomorphism of functors f_{small, *} \cong g_* as desired.
Finally, we have to check that, via the isomorphism f_{small, *} \cong g_* above, the maps f_{small}^\sharp and g^\sharp agree. By construction this is already the case for the global sections of \mathcal{O}_ Y, i.e., for the elements of B. We only need to check the result on sections over an affine V étale over Y (by Topologies, Lemma 34.4.12 again). Writing V = \mathop{\mathrm{Spec}}(C), C = B[x_ i]/(P_ j) as before it suffices to check that the coordinate functions x_ i are mapped to the same sections of \mathcal{O}_ X over X \times _ Y V. And this is exactly what it means that the diagram
\xymatrix{ g^{-1}h_ V \ar[r] \ar@{..>}[d] & \prod \nolimits _{i = 1, \ldots , n} g^{-1}\mathcal{O}_ Y \ar[d]^{\prod g^\sharp } \\ h_{X \times _ Y V} \ar[r] & \prod \nolimits _{i = 1, \ldots , n} \mathcal{O}_ X }
commutes. Thus the lemma is proved.
\square
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