String equations of the p-th generalized Kontsevich model and the
compactified c=1 string theory are re-examined in the language of the Toda
lattice hierarchy. As opposed to a hypothesis postulated in the literature, the
generalized Kontsevich model at p=−1 does not coincide with the c=1
string theory at self-dual radius. A broader family of solutions of the Toda
lattice hierarchy including these models are constructed, and shown to satisfy
generalized string equations. The status of a variety of c≤1 string
models is discussed in this new framework.Comment: 35pages, LaTeX Errors are corrected in Eqs. (2.21), (2.36), (2.33),
(3.3), (5.10), (6.1), sentences after (3.19) and theorem 5. A few references
are update