A new formulation of the encounter theory for liquid-phase many-particle re
acting systems (MPRS) is developed. This new formulation is based upon the
notion of the pair distribution function and results in a set of partial di
fferential equations equivalent to the integro-differential equations of th
e conventional approach. The solution is greatly improved by considering pa
ir-particle interactions. The new formulation is applicable to arbitrary MP
RS and allows for a general numerical solution. Applied to the Lotka-Volter
ra reaction, this approach revealed damping and increasing oscillations on
the concentration, which cannot be seen in the framework of phenomenologica
l chemical kinetics. (C) 2000 Elsevier Science B.V. All rights reserved.