We study the multidimensional aggregation equation u_t+\Div(uv)=0,
v=−∇K∗u with initial data in \cP_2(\bR^d)\cap L_{p}(\bR^d). We prove
that with biological relevant potential K(x)=∣x∣, the equation is ill-posed
in the critical Lebesgue space L_{d/(d-1)}(\bR^d) in the sense that there
exists initial data in \cP_2(\bR^d)\cap L_{d/(d-1)}(\bR^d) such that the
unique measure-valued solution leaves L_{d/(d-1)}(\bR^d) immediately. We also
extend this result to more general power-law kernels K(x)=∣x∣α,
0<α<2 for p=ps:=d/(d+α−2), and prove a conjecture in Bertozzi,
Laurent and Rosado [5] about instantaneous mass concentration for initial data
in \cP_2(\bR^d)\cap L_{p}(\bR^d) with p<ps. Finally, we classify all the
"first kind" radially symmetric similarity solutions in dimension greater than
two.Comment: typos corrected, 18 pages, to appear in Comm. Math. Phy