Although high-resolution N-body simulations make robust empirical predictions for the density distribution within cold dark matter halos, these studies have yielded little physical insight into the origins of the distribution. We investigate the problem using analytic and semi-analytic approaches. Simple analytic considerations suggest that the inner slope of dark matter halos cannot be steeper than alpha=2 (rho ~ r^-alpha), with alpha=1.5-1.7 being a more realistic upper limit. Our analysis suggests that any number of effects, both real (angular momentum from tidal torques, secondary perturbations) and artificial (two-body interactions, the accuracy of the numerical integrator, round-off errors), will result in shallower slopes. We also find that the halos should exhibit a well-defined relation between r_peri/r_apo and j_theta/j_r. We derive this relation analytically and speculate that it may be universal. Using a semi-analytic scheme based on Ryden & Gunn (1987), we further explore the relationship between the specific angular momentum distribution in a halo and its density profile. For now we restrict ourselves to halos that form primarily via nearly-smooth accretion of matter, and only consider the specific angular momentum generated by secondary perturbations associated with the cold dark matter spectrum of density fluctuations. Compared to those formed in N-body simulations, our ``semi-analytic halos are more extended, have flatter rotation curves and have higher specific angular momentum, even though we have not yet taken into account the effects of tidal torques. Whether the density profiles of numerical halos is indeed the result of loss in angular momentum outside the central region, and whether this loss is a feature of hierarchical merging and major mergers in particular, is under investigation.
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