Tresoria

Tresoria is a service mark of The Inequality Process Institute for economic research in service to commerce performed in the United States. 

The Inequality Process (IP) is a parsimonious mathematical model with a wide and widening empirical scope of explanation. There is evidence of the Inequality Process' (IP's) universality in human societies. The IP is a stochastic interacting particle system, similar to that of the kinetic theory of gases, the original model of gas thermodynamics, science discovered just in time to perfect the steam engine. 

    The kinetic theory of gases implies laws of gas thermodynamics, Boyle's Law and Charles' Law were the fist discovered. The search for more discoveries of the IP's characteristic signature in data on personal incomes and wealth goes on. Each discovery shows that a stable statistical pattern in these data has been of a surprisingly large number of consequences of a single, simple empirical process, well modeled by the IP. There is also a search for analogues of Boyle's Law and Charles' Law, or comparably simple yet important laws implied by the Inequality Process.

    Knowledge of gas thermodynamics was essential to economic growth in the 19th century, the age of steam power. It is still important to the engineering undergirding economic growth today. Will riches accrue to the application of the Inequality Process (IP) as the application of its analogue, the kinetic theory of gases, yielded?  

What IP Applications?

    The Inequality Process (IP) enables the estimation of its small number of parameters from the most accurately estimated statistics of personal income and wealth, such as the median. With its parameters estimated, the IP  implies estimates of statistics that are not readily estimated from existing data because of measurement error or the absence of data altogether. One potential application is income or wealth distribution (how many people with income of a given size) in a small area. Or for another small segment of a population, perhaps self-employed people or workers who receive their earnings in cash. The IP may be able to direct attention to segments of the population where IP estimates are quite different from estimates based on data known to contain substantial error, perhaps suggesting the presence of unreported "dark money". There might be applications of the IP to the needs of market research firms or tax authorities.

    Think of Inequality Process (IP) findings as a shaft of sunlight shining on hidden treasure. TRESORIA is the service mark under which consulting on applications of the IP to the needs of business and government is done. 'Tresoria' is Old French for 'treasure'. In the centuries when Old French was spoken, about the only way to become suddenly rich was to find treasure buried by people who did not survive to reclaim it. Nowadays, new science can light up applications that create sudden wealth. Conceivably, the Inequality Process is such new science, a shaft of light illuminating where to dig for treasure.