Firm 1

Firm 2

precrisis

postcrisis

precrisis

S ¯ = 46.4 Q ¯ = 34.0

S ¯ = 53.8 Q ¯ = 38.8

postcrisis

S ¯ = 36.0 Q ¯ = 65.9

S ¯ = 42.6 Q ¯ = 67.2