Role of $K^*_0(700)$ exchange in the $p \bar{p} \to Λ\barΛ$ reaction
Based on the effective Lagrangian approach, we investigate the $p \bar{p} \to Λ\barΛ$ reaction. Within this framework, we provide a dynamical explanation by analyzing its total and differential cross sections, as well as the polarization of the produced $Λ$ hyperon. Incorporating the $t$-channel exchange of the scalar $K^*_0(700)$ and pseudoscalar $K$ mesons, complemented by an $s$-channel contribution from the vector excited state, we can reproduce the current experimental data fairly well in a wide energy region. Compared to the conventional $K$ and $K^*(892)$ mesons exchange, the $K^*_0(700)$ meson exchange plays a more essential role in simultaneously capturing the observed features of the total and differential cross sections. The introduction of the vector $s$-channel resonance improves the description of the spin observables. This work gives a perspective to inspect the role of $K^*_0(700)$ and serves as a test to search for the resonances in the reaction $p \bar{p} \to Λ\barΛ$ at threshold.