In this note we consider the title Diophantine equation from both theoretical as well as experimental point of view. In particular, we prove that for $k=4, 6$ and each choice of the signs our equation has infinitely many co-prime positive integer solutions. For $k=5, 7$ and all choices of the signs we computed all co-prime positive integer solutions $(x, y, a, b)$ satisfying the condition max, b\≤ 50000.
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Maciej Ulas (2024) studied this question.
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