In this paper we prove that the initial value problem of the OST equation
73481397683878f0a5a15"">![]()
(
x
R,
t
0), where
η>0 and
![]()
denotes the usual Hilbert transformation, is locally well-posed in the Sobolev space
Hs(R) when
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, and globally well-posed in
Hs(R) when
s
0.