Excitonic instability in a strongly correlated system: A slave rotor approach

Abstract

Exciton formation and condensation in a two band correlated model is studied using slave rotor mean field (SRMF) theory. In the SRMF theory, charge and spin degrees are treated as independent degrees of freedom. Using this, we capture the effective many body scales beyond conventional mean-field theory. While the formation of exciton is favoured by the hybridization, it is strongy influenced by the Coulomb repulsion between electrons in the two bands. Beyond a critical value of hybridization, there is complete coheherence among the electrons and holes signalling a condensation of excitons.