Abstract
The relativistic Schrodinger theory (RST) is applied to a general 2-particle system with electromagnetic interactions. The emphasis of the investigation lies on the exchange and overlap effects in connection with the development of adequate single-particle and 2-particle concepts. It is possible to eliminate the 2-particle quantities and to formulate the 2-particle theory exclusively in terms of single-particle quantities but then there arises a new unobservable field degree of freedom: `renormalization'.
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