The Duty to Diversify and the Logic of Indexing

Richard A. Booth Volume 75, Issue 3, 555-600 Index funds, such as those that track the S&P 500, are popular with investors because they offer maximum diversification—and thus minimum risk—with management fees that are far lower than those charged by traditional,...

Creating Compliance Climates

Craig Cowie Volume 75, Issue 3, 601-660 Relatively few regulated entities are the targets of enforcement activity or otherwise have direct contact with regulators. Given that absence of direct contact, this Article posits that regulators influence behavior by creating...

Proactive International Law

Michal Saliternik & Sivan Shlomo Agon Volume 75, Issue 3, 661-712 International law is notably reactive in nature. For the most part, international norms and institutions have been devised in response to previously observed crises and incidents—be they wars,...

Washington Cares: Other States Should Too

Evelyn Wynn Volume 75, Issue 3, 879-912 The United States is facing a growing challenge in financing long-term care as the population ages and the demand for these services continues to grow. The cost of long-term care can be exorbitant, with many individuals and...