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We construct a self-consistent model which describes a black hole from formation to evaporation including the backreaction from the Hawking radiation. In the case where a null shell collapses, at the beginning the evaporation occurs, but it stops eventually, and a horizon and singularity appear. On the other hand, in the generic collapse process of a continuously distributed null matter, the black hole evaporates completely without forming a macroscopically large horizon nor singularity. We also find a stationary solution in the heat bath, which can be regarded as a normal thermodynamic object.
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Kawai et al. (2013) studied this question.
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