Lax representations with non-removable parameters and integrable hierarchies of PDEs via exotic cohomology of symmetry algebras

This paper develops the technique of constructing Lax representations for PDEs via non-central extensions generated by non-triivial exotic 2-cocycles of their contact symmetry algebras. We show that the method is applicable to the Lax representations with non-removable spectral parameters. Also we demonstrate that natural extensions of the symmetry algebras produce the integrable hierarchies associated to their PDEs.