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Your equation needs such a massive amounts of assumptions that I can imagine Mathematica can't find the solution. Here is my rough manual derivation in Mathematica's TraditionalForm side-stepping many of the intricacies that will prevent Mathematica from solving this (for instance, I assumed $\rho\neq0$). A numerical test in Mathematica follows the derivation.

Table[((((b ps x)/(1 - ps))^\[Rho] \[Rho])/
b + ((-(-1 + b) PA \[Lambda]f \[Lambda]s)^\[Rho] \[Rho])/(-1 + b))
/. b -> 1/(1 + ((\[Lambda]f*\[Lambda]s*PA (1 - ps))/(ps*x))^(\[Rho]/(1 - \[Rho])))
/. {ps -> Random[],x -> Random[], \[Rho] -> Random[],
\[Lambda]f -> Random[], \[Lambda]s -> Random[], PA -> Random[]},
{100}
] // Chop // Quiet
{0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, Indeterminate, 0, Indeterminate, 0,
0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, Indeterminate, 0,
0, -6.9383157*10^-9, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0,
0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0,
1.196618005*10^-8, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0,
1.205482381*10^-9, Indeterminate, 0, Indeterminate, 0, 0, 0, 0, Indeterminate, 0, Indeterminate, 0, 0, 0, Indeterminate, 0, 0, 0}
The Indeterminates stem from division by (near) zero, where the Random function generates a pole.
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answered
Sep 23 '12 at 12:04
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