Microscopic theory of the nematic phase in Sr$_3$Ru$_2$O$_7$
S. Raghu, A. Paramekanti, E.-A. Kim, R. A. Borzi, S. Grigera, A. P., Mackenzie, and S. A. Kivelson

TL;DR
This paper develops a microscopic mean-field theory explaining the nematic phase and metamagnetic transitions in Sr$_3$Ru$_2$O$_7$, accounting for experimental observations through band structure, Coulomb interactions, and spin-orbit effects.
Contribution
It introduces a realistic bilayer model with Coulomb interactions, van Hove singularities, and spin-orbit coupling to explain the nematic phase in Sr$_3$Ru$_2$O$_7$.
Findings
Explains the nematic phase with resistive anisotropy.
Accounts for the suppression of spin-density-wave order.
Describes the phase diagram near the metamagnetic quantum critical point.
Abstract
In an externally applied magnetic field, ultra-pure crystals of the bilayer compound SrRuO undergo a metamagnetic transition below a critical temperature, , which varies as a function of the angle between the magnetic field and the Ru-O planes. Moreover, approaches zero when is perpendicular to the planes. This putative "metamagnetic quantum critical point", however, is preempted by a nematic fluid phase with order one resistive anisotropy in the {\it ab} plane. In a "realistic" bilayer model with moderate strength local Coulomb interactions, the existence of a sharp divergence of the electronic density of states near a van Hove singularity of the quasi-one-dimensional bands, and the spin-orbit couplings permitted by the presence of multiple orbitals result in a mean-field phase diagram which accounts for many of these experimentally observed phenomena.…
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