In this paper, we prove the following theorem regarding the Wang-Yau
quasi-local energy of a spacelike two-surface in a spacetime: Let Σ be a
boundary component of some compact, time-symmetric, spacelike hypersurface
Ω in a time-oriented spacetime N satisfying the dominant energy
condition. Suppose the induced metric on Σ has positive Gaussian
curvature and all boundary components of Ω have positive mean curvature.
Suppose H≤H0 where H is the mean curvature of Σ in Ω and
H0 is the mean curvature of Σ when isometrically embedded in R3.
If Ω is not isometric to a domain in R3, then 1. the Brown-York mass
of Σ in Ω is a strict local minimum of the Wang-Yau quasi-local
energy of Σ, 2. on a small perturbation Σ~ of Σ in
N, there exists a critical point of the Wang-Yau quasi-local energy of
Σ~.Comment: substantially revised, main theorem replaced, Section 3 adde