One prominent model is the so-called
half-metallic ferromagnetic model, which is based on spin-polarized (SP) band structure calculations using the
local spin-density approximation (LSDA) of the
density functional theory (DFT) where separate calculations are carried out for spin-up and spin-down electrons. The half-metallic state is concurrent with the existence of a metallic majority spin band and a nonmetallic minority spin band in the ferromagnetic phase. This model is not the same as the
Stoner Model of itinerant ferromagnetism. In the Stoner model, a high density of states at the Fermi level makes the nonmagnetic state unstable. In SP calculations of covalent ferromagnets using DFT-LSDA functionals, the exchange-correlation integral takes the place of the Stoner parameter. The density of states at the Fermi level does not play a special role. A significant advantage of the half-metallic model is that it does not rely on the presence of mixed valency as does the double exchange mechanism and it can therefore explain the observation of CMR in stoichiometric phases like the
pyrochlore . Microstructural effects in polycrystalline samples have also been investigated and it has been found that the magnetoresistance is often dominated by the tunneling of spin-polarized electrons between grains, resulting in the magnetoresistance having an intrinsic dependence on grain size.For a review see:{{cite book A fully quantitative understanding of the CMR effect remains elusive and it is still the subject of much current research. Early promises of the development of new CMR-based technologies have not yet come to fruition. ==See also==