Excitonic versus electron-hole liquid phases in Tm[Se,Te] compounds
  We discuss, from a theoretical point of view, excitonic phases at the pressure induced semiconductor-semimetal transition in $\rm TmSe_{0.45}Te_{0.55}$,focusing, in particular, on the stability against an electron-hole liquid. The electron-hole pair density parameter $r_s(E_g,T)$ is calculated within the quasi-static plasmon pole approximation as a function of temperature $T$ and energy gap $E_g$ and converted into $-E_g(r_s,T)$. A comparison of this quantity, which is the electron-hole pair chemical potential, with the exciton binding energy reveals that excitons should be suppressed in contrast to experimental evidence for excitonic phases. We suspect therefore inter-valley exciton scattering and exciton-phonon scattering to substantially stabilise excitons in $\rm TmSe_{0.45}Te_{0.55}$. 
Franz X. Bronold, Holger Fehske, and Gerd Roepke