Abstract
Let denote the canonical factorization of . The binomial convolution of arithmetical functions and is defined as where is the binomial coefficient. We provide properties of the binomial convolution. We study the $\C$-algebra $({\cal A},+,\circ,\C)$, characterizations of completely multiplicative functions, Selberg multiplicative functions, exponential Dirichlet series, exponential generating functions and a generalized binomial convolution leading to various Möbius-type inversion formulas. Throughout the paper we compare our results with those of the Dirichlet convolution *. Our main result is that $({\cal A},+,\circ,\C)$ is isomorphic to $({\cal A},+,*,\C)$. We also obtain a "multiplicative" version of the multinomial theorem.
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