We review fundamental issues arising in the exact solution of the one-dimen
sional Hubbard model. We perform a careful analysis of the Lieb-Wu equation
s, paying particular attention to the so-called 'string solutions'. Two kin
ds of string solutions occur: Lambda strings, related to spin degrees of fr
eedom and k-Lambda strings, describing spinless bound states of electrons.
Whereas Lambda strings were thoroughly studied in the literature, less is k
nown about k-Lambda strings. We carry out a thorough analytical and numeric
al analysis of k-Lambda strings. We further review two different approaches
to the thermodynamics of the Hubbard model, the Yang-Yang approach and the
quantum transfer matrix approach, respectively. The Yang-Yang approach is
based on strings, the quantum transfer matrix approach is not. We compare t
he results of both methods and show that they agree. Finally, we obtain the
dispersion curves of all elementary excitations at zero magnetic field for
the less than half-filled band by considering the zero-temperature limit o
f the Yang-Yang approach. (C) 2000 Elsevier Science B.V. All rights reserve
d.