Consider the question whether a photon can decay, in the free space, into an electron and a positron - a pair production event. Such an event I don't think is possible, because both energy and momentum cannot be conserved (please correct me if I am wrong). When trying to show this I worked totally in the center of mass frame of the decay products. We then get:
Conservation of energy: $$E_\gamma=E_{e^-}+E_{e^+}$$ and conservation of momentum: $${E_\gamma \over c}=0$$ I would then have concluded that since in the center of mass frame we have $E_{e^-}=E_{e^+}$ that $E_{e^-}=0$ and that this is not possible.
I, however, think that this analysis is wrong since it totally ignores the potential energy between the positron and the electron due to their opposite charges. If this was included we could indeed have $E_{e^-}=0$ and then a photon could 'decay' into a positron and an electron in empty space.
So which analysis is right? Also how would I incorporate potential energy into this situation?