Author’s summary: This paper provides a new integrable hierarchy. The DP equation: \(m_t +um_x +3mu_x =0\), \(m=u-u_{xx}\) , proposed recently by Degasperis and Procesi, is the first member in the negative order hierarchy while the first equation in the positive order hierarchy is: \(m_t =4(m^{-2/3})_x -5(m^{-2/3})_{xxx} +(m^{-2/3})_{xxxxx} .\)
The whole hierarchy is shown Lax-integrable through solving a key matrix equation. To obtain the parametric solutions for the whole hierarchy, we separately discuss the negative order and the positive order hierarchies. For the negative order hierarchy, its \(3\times 3\) Lax pairs and corresponding adjoint representations are cast in Liouville-integrable Hamiltonian canonical systems under the Dirac-Poisson bracket defined on a symplectic submanifold of \({\mathbb R}^{6N}\). Based on the integrability of those finite-dimensional canonical Hamiltonian systems we give the parametric solutions of all equations in the negative order hierarchy.
In particular, we obtain the parametric solution of the DP equation. Moreover, for the positive order hierarchy, we consider a different constraint and process a procedure similar to the negative case to obtain the parametric solutions of the positive order hierarchy. In a special case, we give the parametric solution of the 5th-order PDE \(m_t =4(m^{-2/3})_x -5(m^{-2/3})_{xxx} +(m^{-2/3})_{xxxxx}\). Finally, we discuss the stationary solutions of the 5th-order PDE, which may be included in the parametric solution.