Excitonic Correlations in the Intermetallic Fe2VAl
  The intermetallic compound Fe2VAl looks non-metallic in transport and strongly metallic in thermodynamic and photoemission data. It has in its band structure a highly differentiated set of valence and conduction bands leading to a semimetallic system with a very low density of carriers. The pseudogap itself is due to interaction of Al states with the d orbitals of Fe and V, but the resulting carriers have little Al character. The effects of generalized gradient corrections to the local density band structure as well spin-orbit coupling are shown to be significant, reducing the carrier density by a factor of three. Doping of this nonmagnetic compound by 0.5 electrons per cell in a virtual crystal fashion results in a moment of 0.5 bohr magnetons and destroys the pseudogap. We assess the tendencies toward formation of an excitonic condensate and toward an excitonic Wigner crystal, and find both to be unlikely. We propose a model is which the observed properties result from excitonic correlations arising from two interpenetrating lattices of distinctive electrons (e_g on V) and holes (t_2g on Fe) of low density (one carrier of each sign per 350 formula units). 
Ruben Weht and W. E. Pickett