Møller-Plesset perturbation theory and density functional theory calculations are used to study decomposition mechanisms of polymerization initiators, such as diethyl peroxydicarbonate, trifluoroacetyl peroxide, and acetyl peroxide, which possess a general structure of RC(O)OO(O)CR. It is found that the decomposition of initiators with electron-donating R groups follows two favorable stepwise pathways: a two-bond cleavage mechanism in which the O-O single bond and one of R-C bonds of [R-C(O)O-O(O)C-R] break simultaneously followed by decomposition of the R-C(O)O(*) radical and a one-bond cleavage mechanism in which the single O-O bond cleavage produces a carboxyl radical pair and a subsequent decomposition of the carboxyl radicals. It is also found that the initiators with electron-withdrawing R groups follow the two-bond cleavage pathway only. Geometrical and energetic analyses indicate that despite the similar structures of the peroxydicarbonates, quite different decomposition energy barriers are determined by the nature of the R groups.