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We report a real-space renormalization group (RSRG) algorithm, which is formulated through Baxter's corner transfer matrix (CTM), for two-dimensional (d = 2) classical lattice models. The new method performs the renormalization group transformation according to White's density matrix algorithm, so that variational free energies are minimized within a restricted degree of freedom m. As a consequence of the renormalization, spin variables on each corner of CTM are replaced by a m-state block spin variable. It is shown that the thermodynamic functions and critical exponents of the q = 2, 3 Potts models can be precisely evaluated by use of the renormalization group method.
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Nishino et al. (1997) studied this question.
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