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Integrable nonlinear field equations and loop algebra structures

We apply the (direct and inverse) prolongation method to a couple of nonlinear Schr{ö}dinger equations. These are taken as a laboratory field model for analyzing the existence of a connection between the integrability property and loop algebras. Exploiting a realization of the Kac-Moody type of the incomplete prolongation algebra associated with the system under consideration, we develop a procedure with allows us to generate a new class of integrable nonlinear field equations containing the original ones as a special case.