Abstract
In this article, we classify the solutions of the dispersionless Toda hierarchy into degenerate and non-degenerate cases. We show that every non-degenerate solution is determined by a function of two variables. We interpret these non-degenerate solutions as defining evolutions on the space of pairs of conformal mappings , where is a univalent function on the exterior of the unit disc, is a univalent function on the unit disc, normalized such that , and . For each solution, we show how to define the natural time variables , as complex coordinates on the space . We also find explicit formulas for the tau function of the dispersionless Toda hierarchy in terms of . Imposing some conditions on the function , we show that the dispersionless Toda flows can be naturally restricted to the subspace of defined by . This recovers the result of Zabrodin.
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