Abstract
In this paper, we investigate the (2+1) dimensional long wave-short wave resonance interaction (LSRI) equation and show that it possess the Painlev\'e property. We then solve the LSRI equation using Painlev\'e truncation approach through which we are able to construct solution in terms of three arbitrary functions. Utilizing the arbitrary functions present in the solution, we have generated a wide class of elliptic function periodic wave solutions and exponentially localized solutions such as dromions, multidromions, instantons, multi-instantons and bounded solitary wave solutions.
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