We propose a simple theoretical description of the metal-insulator transition
of rare-earth nickelates. The theory involves only two orbitals per nickel
site, corresponding to the low-energy anti-bonding eg states. In the
monoclinic insulating state, bond-length disproportionation splits the manifold
of eg bands, corresponding to a modulation of the effective on-site energy.
We show that, when subject to a local Coulomb repulsion U and Hund's coupling
J, the resulting bond-disproportionated state is a paramagnetic insulator for
a wide range of interaction parameters. Furthermore, we find that when U−3J
is small or negative, a spontaneous instability to bond disproportionation
takes place for large enough J. This minimal theory emphasizes that a small
or negative charge-transfer energy, a large Hund's coupling, and a strong
coupling to bond-disproportionation are the key factors underlying the
transition. Experimental consequences of this theoretical picture are
discussed.Comment: 17 pages, 10 figures; published version in the updat