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Forum URL: http://www.cut-the-knot.org/cgi-bin/dcforum/forumctk.cgi
Forum Name: College math
Topic ID: 665
Message ID: 0
#0, Stumped by differential equation
Posted by Ralph on Jan-19-08 at 06:38 PM
I am assigning an economics problem to my undergrads, and I have reduced the problem to a differential equation which I do not know how to solve. I can leave the problem for them at the point where the have to find the diff-eq but I would like to present the solution to the equation to them when we go over the problem set. Can anyone help?

Here is the equation:

Find p(v):

(1-v)(v-2p)-(vp-p^2)/p'=0
p(0)=0

The origin of the problem is in 2 sided bargaining. 2 players with valuations drawn from a uniform distribution make Take it or leave it offers to a seller whose valuation is also uniform on zero one.

Any help would be much appreciated.