Speaker: Mikhail Gorshteyn (California Institute of Technology) Title: Dispersion analysis of the two-photon exchange effects in elastic ep-scattering Abstract: Two- or multi-photon exchange is widely believed to be the origin of the discrepancy between the Rosenbluth and polarisation transfer data for the ratio of the elastic form factors $G_E/G_M$. I use dispersion relations to investigate the two-photon exchange contributions to elastic ep-scattering amplitude. The imaginary part of the nucleon box graph is related to the on-shell nucleon form factors, and thus can be calculated using the phenomenological form factors without introducing any additional model dependence. The real part of the amplitude is related to the imaginary part by a dispersion integral. I show that for one of the three invariant amplitudes, the high energy behaviour of the amplitude requires a subtraction. Therefore, I argue that additionally to the values of the elastic form factors $G_{M,E}(Q2)$, the third unknown function of $Q2$ appears. On the experiment, there are three ways to measure the form factors and $2\gamma$-effects: Rosenbluth separation, polarisation transfer, and $e^+p/e^-p$ cross section ratio. It follows that all the three measurements are necessary in order to disantangle these three unknown functions and extract the true values of the elastic form factors from the experiment.