\begin{tabular}{lccc}
\toprule
 & (1) & (2) & (3) \\
 & Cheng OLS & Cheng FE & Clapp IV \\
\midrule
$\beta$ (ln sale price) & 0.812*** & 0.656*** & 0.917*** \\
 & (0.029) & (0.029) & (0.021) \\
$\gamma = \beta - 1$ & -0.188 & -0.344 & -0.083 \\
\midrule
Cell fixed effects & No & Yes & Yes \\
Error-in-price robust & No & No & Yes \\
Observations & 522,769 & 522,769 & 522,769 \\
$R^2$ & 0.705 & 0.796 & 0.486 \\
\bottomrule
\end{tabular}