It is shown that the reduced particle dynamics of (2 + 1)-dimensional gravi
ty in the maximally slicing gauge has a Hamiltonian form. This is proved di
rectly for the two-body problem and for the three-body problem by using the
Garnier equations for isomonodromic transformations. For a number of parti
cles greater than three the existence of the Hamiltonian is shown to be a c
onsequence of a conjecture by Polyakov which connects the accessory paramet
ers of the Fuchsian differential equation which solves the SU(1, 1) Riemann
-Hilbert problem, to the Liouville action of the conformal factor which des
cribes the space metric.
We give the exact diffeomorphism which transforms the expression of the spi
nning cone geometry in the Deser-Jackiw-'t Hooft gauge to the maximally sli
cing gauge. It is explicitly shown that the boundary term in the action, wr
itten in Hamiltonian form gives the Hamiltonian for the reduced particle dy
namics.
The quantum mechanical translation of the two-particle Hamiltonian gives ri
se to the logarithm of the Laplace-Beltrami operator on a cone whose angula
r deficit is given by the total energy of the system irrespective of the ma
sses of the particles thus proving at the quantum level a conjecture by 't
Hooft on the two-particle dynamics. The quantum mechanical Green function f
or the two-body problem is given.