spb/wp10_uqo Public
UQO Working Paper No. 10 — The assessment gap in Quebec: vertical and horizontal inequity in municipal property assessment.
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1\begin{tabular}{lccc}2\toprule3 & (1) & (2) & (3) \\4 & Cheng OLS & Cheng FE & Clapp IV \\5\midrule6$\beta$ (ln sale price) & 0.812*** & 0.656*** & 0.917*** \\7 & (0.029) & (0.029) & (0.021) \\8$\gamma = \beta - 1$ & -0.188 & -0.344 & -0.083 \\9\midrule10Cell fixed effects & No & Yes & Yes \\11Error-in-price robust & No & No & Yes \\12Observations & 522,769 & 522,769 & 522,769 \\13$R^2$ & 0.705 & 0.796 & 0.486 \\14\bottomrule15\end{tabular}