Is it possible to derive the solution of the following set of two nonlinear equations explicitly?
\begin{cases} Axy - x³y² + B = 0\\ Cxy - Dx²y³ + E = 0 \end{cases}
If not, how can I derive the influence of one of the parameters, say A, on the value of x and y? Is there any workaround to this? (approximation?)
Yes, the solutions can be determined by the use of Groebner bases. However, one has to be careful what you mean by "explicitly". For $C=D=0$ and $E\neq 0$ there is no solution of course, for example. How do you include this in a general formula ?
In general, the idea is to express, say, $x$ as a polynomial function of $y,A,B,C,D,E$. To see what this means, let me consider a special example, e.g., $B=0$, $C=D=E=1$. Then $$ x=A(Ay^3 - y - 1), $$ and $y$ and $A$ have to satisfy the polynomial relation $$ A^2y^4 - 2Ay^2 - Ay + 1=0, $$ which is a quadratic equation in $A$. So $y\neq 0$ is arbitrary, and $A$ and $x$ are determined by these formulae.