Parapositronium Decay and Dispersion Relations

Positronium decay rates are computed at the one-loop level, using convolution-type factorized amplitudes. The dynamics of this factorization is probed with dispersion relations, showing that unallowed approximations are usually made, and some ordre alpha^2 corrections missed. Further, we discuss the relevance of the Schrodinger wavefunction as the basis for perturbative calculations. Finally, we apply our formalism to the parapositronium two-photon decay.