Abstract
The phase transition in the regularized U(1) gauge theory is investigated by using the dual Abelian Higgs model of scalar monopoles. The corresponding-renormalization-group-improved effective potential, analogous to the Coleman-Weinberg one, is considered in the two-loop approximation for β functions, and the phase-transition (critical) dual and nondual couplings are calculated in the U(1) gauge theory. It is shown that the critical value of the renormalized electric fine-structure constant,α crit≈0.208, obtained in this study agrees with the lattice result for compact QED: α latcrit ≈0.20±0.015. This result and the behavior of α in the vicinity of the phase-transition point are compared with the multiple-point-model prediction for the values of α near the Planck scale. Such a comparison is very encouraging for the multiple point model assuming the existence of the multiple critical point at the Planck scale.
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