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A strong coupling expansion for a two‐band Hubbard model on two sites with nearly degenerate states is considered. A comparative analysis is performed for different schemes of perturbation theory which are applicable to systems with nearly degenerate states. A fourth order approach which builds on a four‐dimensional low‐energy subspace with nearly degenerate states captures accurately the transition from an antiferromagnetic to a ferromagnetic ground state at large on‐site Coulomb interaction.

Magnetic transitions in strong coupling expansions for nearly degenerate states