We consider how the time-dependent decay process of an unstable D-brane
should be described in the full (quantum) open-closed string theory. It is
argued that the system, starting from the unstable D-brane configuration, will
evolve in time into the time-independent open string tachyon vacuum
configuration which we assume to be finite, with the total energy conserved. As
a concrete realization of this idea, we construct a toy model describing the
open and closed string tachyons which admits such a time-dependent solution.
The structure of our model has some resemblance to that of open-closed string
field theory.Comment: 1+10 pages, 6 figures. v2: a reference adde