Ep 8 “Fair or Unfair: Do Competitive Markets Give Everyone a Chance?”

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Hi, I'm Jonathan Berk, Professor of Finance at the Graduate School of Business at Stanford University.

>> And I'm Jules van Binsbergen, a finance professor at the Wharton School at the University of Pennsylvania. And this is the All Else Equal podcast.

>> Welcome back, everybody. Today we're going to talk about a somewhat controversial subject,

which is how do competitive markets work? And why do they lead to such good economic outcomes?