Integrable $\hat{\mathfrak{sl}_2}$-modules as infinite tensor products
  Using the fusion product of the representations of the Lie algebra $\mathfrak{sl}_2$ we construct a set of the integrable highest weight $\hat{\mathfrak{sl}_2}$-modules $L^D$, depending on the vector $D\in\mathbb{N}^{k+1}$. In a special cases of $D$ our modules are isomorphic to the irreducible $\hat{\mathfrak{sl}_2}$-modules $L_{i,k}$. We construct a basis of the $L^D$ and study the decomposition of $L^D$ on the irreducible components. We also write a formulas for the characters of $L^D$. 
B.Feigin and E.Feigin