Abstract
Despite the intense theoretical and experimental effort, an understanding of the superconducting pairing mechanism of the high-temperature superconductors leading to an unprecedented high transition temperature ${T}_{c}$ is still lacking. An additional puzzle is the unknown connection between the superconducting gap and the so-called pseudogap which is a central property of the most unusual normal state. Angle-resolved photoemission spectroscopy (ARPES) measurements have revealed a gaplike behavior on parts of the Fermi surface, leaving a nongapped segment known as Fermi arc around the diagonal of the Brillouin zone. Two main interpretations of the origin of the pseudogap have been proposed: either the pseudogap is a precursor to superconductivity, or it arises from another order competing with superconductivity. Starting from the t-J model, in this paper we present a microscopic approach to investigate physical properties of the pseudogap phase as well as the superconducting phase in the framework of a renormalization scheme called projector-based renormalization method. This approach is based on a stepwise elimination of high-energy transitions using unitary transformations. We arrive at renormalized ``free'' Hamiltonians for correlated electrons for both phases. Our microscopic approach allows us to explain the experimental findings in the underdoped as well as in the optimal hole doping regime. The ARPES spectral function along the Fermi surface turns out to be in good agreement with experiment: For the pseudogap phase we find well-defined excitation peaks around $\ensuremath{\omega}=0$ near the nodal direction, which become strongly suppressed around the antinodal point. The origin of the pseudogap can be traced back to a suppression of spectral weight from incoherent excitations in a small $\ensuremath{\omega}$ range around the Fermi energy. In the superconducting phase, the order parameter turns out to have $d$-wave symmetry with a coherence length of a few lattice constants. In good agreement with experiments, we find no superconducting solutions for very small hole doping.
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