We analyze the possibility of dynamical breakdown of parity in three-dimensional QED. We find that for an even number of fermions only chiral symmetry is broken dynamically while parity is conserved. For an odd number of fermions, where a parity-conserving mass generation is not possible, we find no consistent nontrivial solution for the Schwinger-Dyson equations, leading us to conjecture that at least one fermion remains massless and no mass is induced for the photon in this case.
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Rao et al. (1986) studied this question.
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