Step 1: State the data.
Two planets have equal mass $M$ with radii $R_1$ and $R_2 = R_1/2$. We want $v_2/v_1$ for their escape speeds.
Step 2: Escape speed formula.
The escape speed from a planet's surface is $v_e = \sqrt{\dfrac{2GM}{R}}$.
Step 3: Write each escape speed.
\[ v_1 = \sqrt{\frac{2GM}{R_1}}, \qquad v_2 = \sqrt{\frac{2GM}{R_2}} \]
Step 4: Take the ratio.
Equal masses mean $2GM$ cancels, leaving only the radii.
\[ \frac{v_2}{v_1} = \sqrt{\frac{R_1}{R_2}} \]
Step 5: Insert the radius relation.
With $R_2 = R_1/2$, the ratio $R_1/R_2 = 2$.
\[ \frac{v_2}{v_1} = \sqrt{2} \]
Step 6: Conclusion.
The smaller planet has the larger escape speed, by a factor $\sqrt{2}$.
\[ \boxed{\dfrac{v_2}{v_1} = \sqrt{2}} \]