Abstract
Problems associated with analyticity of thermodynamic functions close to first-order phase transitions are briefly reviewed. The bubble model for correlation functions is then applied to planar Ising-like models at subcritical temperatures (T<Tc) with a bulk magnetic field h. The fluctuation sum is used to calculate the susceptibility χ(h) from the bubble correlation function. We show that χ(h), calculated this way, must contain an essential singularity at h=0 i.e. at the first-order phase boundary. This has important implications to metastability, where we demonstrate that if the ensemble is restricted such that the magnetization stays positive when h goes negative, χ(h) has an infinite number of poles along the negative real axis with a limit-point at h=0. For an unrestricted ensemble, a Yang-Lee circle theorem is derived.
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