Abstract
The ground state of the one-dimensional Hubbard Hamiltonian is discussed on the basis of the Bethe ansatz solution of Lieb and Wu. A simple analytical representation of the distribution functions for charge and spin degrees of freedom is derived. The elementary excitations are associated with electron-hole pairs of two pseudo-fermion systems, one for the charge, the other for the magnetic excitations. Spinons and holons correspond to ground state configurations of odd-numbered rings. It is argued that holons will form bound pairs in weakly coupled chains.

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