Studying the algebraic structure of the double DY(g) of the Yangian Y(
g), we present the triangular decomposition of DY(g) and a factorizati
on for the canonical pairing of the Yangian with its dual inside Y-o(g
). As a consequence, we describe a structure of the universal R-matrix
R for DY(g) which is complete for DY(sl(2)). We demonstrate how this
formula works in evaluation representations of Y(sl(2)). We interpret
the one-dimensional factor arising in concrete representations of R as
a bilinear form on highest-weight polynomials of irreducible represen
tations of Y(g) and express this form in terms of Gamma-functions.