In the last years, a codification debate has developed among economists concerning the meaning and the empirical relevance of tacit knowledge. As this debate seems to have reached an impasse, we suggest a solution to take it a step further that is based on a more precise definition of tacit...

In the last years, a “codification debate” has developed among economists concerning the meaning and the empirical relevance of “tacit knowledge.” As this debate seems to have reached an impasse, we suggest a solution to take it a step further that is based on a more precise definition...