We propose a new time evolution law for the cosmological 'constant' Lambda(
t) in a spatially flat (k = 0) Friedmann-Lemaitre-Robertson-Walker spacetim
e. From a thermodynamic model of the vacuum based upon work of Gibbons, Haw
king and Davies, we obtain the law Lambda proportional to r(-2) where r is
the proper radius of the cosmological event horizon. From the field equatio
ns we can deduce a second-order differential equation for Lambda(t), that w
e solve numerically, showing that the cosmological 'constant' problem could
be solved phenomenologically. The decay of Lambda takes place during the d
eflationary era, and has the effect of creating a perfect fluid of strings.
Finally, our model suggests a mechanism of destabilization of the de Sitte
r spacetime to explain the exit from inflation and the matter creation.