On an integrable two-component Camassa-Holm shallow water system

The interest in the Camassa-Holm equation inspired the search for various generalizations of this equation with interesting properties and applications. In this letter we deal with such a two-component integrable system of coupled equations. First we derive the system in the context of shallow water theory. Then we show that while small initial data develop into global solutions, for some initial data wave breaking occurs. We also discuss the solitary wave solutions. Finally, we present an explicit construction for the peakon solutions in the short wave limit of system.