Abstract
This paper studies the local well-posedness and blow-up phenomena for a new integrable two-component peakon system in the Besov space. Firstly, by utilizing the Littlewood-Paley theory, the logarithmic interpolation inequality and the Osgood's Lemma, we investigate the existence and uniqueness of the solution to the system in the critical Besov space $B_{2, 1}^{\frac{1}{2}}(\mathbb{R})× B_{2, 1}^{\frac{1}{2}}(\mathbb{R})$, and show that the data-to-solution mapping is Holder continuous. Secondly, we derive a blow-up criteria for the Cauchy problem in the critical Besov space. Finally, with suitable conditions on the initial data, a new blow-up criteria for the system is obtained by virtue of the global conservative property of the potential densities $m$ and $n$ along the characteristics and the blow-up criteria at hand.
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