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In this paper we study Lie symmetries, Kac-Moody-Virasoro algebras, similarity reductions and particular solutions of two different recently introduced (2+1)-dimensional nonlinear evolution equations, namely (i) (2+1)-dimensional breaking soliton equation and (ii) (2+1)-dimensional nonlinear Schrödinger type equation introduced by Zakharov and studied later by Strachan. Interestingly our studies show that not all integrable higher dimensional systems admit Kac-Moody-Virasoro type sub-algebras. Particularly the two integrable systems mentioned above do not admit Virasoro type subalgebras, eventhough the other integrable higher dimensional systems do admit such algebras which we have also reviewed in the Appendix. Further, we bring out physically interesting solutions for special choices of the symmetry parameters in both the systems.

The Lie point symmetries associated with a number of (2 + 1)-dimensional generalizations of soliton equations are investigated. These include the Niznik -NovikovVeselov equation and the breaking soliton equation, which are symmetric and asymmetric generalizations respectively of the KDV equation, the (2+1)-dimensional generalization of the nonlinear Schrödinger equation by Fokas as well as the (2+1)-dimensional generalized sine-Gordon equation of Konopelchenko and Rogers. We show that in all these cases the Lie symmetry algebra is infinite-dimensional; however, in the case of the breaking soliton equation they do not possess a centerless Virasorotype subalgebra as in the case of other typical integrable (2+1)-dimensional evolution equations. We work out the similarity variables and special similarity reductions and investigate them.

It is shown that by directly integrating the characteristic equation of the infinitesimals of the generalized Lie or dynamical symmetries associated with three degrees of freedom Hamiltonians, one can almost, by inspection, obtain the required involutive integrals of motion, whenever they exist. The method is illustrated for the coupled quartic and cubic oscillators considered earlier. Further, all the separable coordinates can be obtained by integrating a subset of the characteristic equation associated with the coordinate variables alone.

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In this paper, we bring out the Lie symmetries and associated similarity reductions of the recently proposed (2+1) dimensional long dispersive wave equation. We point out that the integrable system admits an infinite-dimensional symmetry algebra along with Kac-Moody-Virasoro-type subalgebras. We also bring out certain physically interesting solutions.

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