The idea of exciton condensation in solids was introduced in 1960s with the analogy to superconductivity in mind. While exciton supercurrents have been realized only in artificial quantum-well structures so far, the application of the concept of excitonic condensation to bulk solids leads to a rich spectrum of thermodynamic phases with diverse physical properties. In this review we discuss recent developments in the theory of exciton condensation in systems described by Hubbard-type models. In particular, we focus on the connections to their various strong-coupling limits that have been studied in other contexts, e.g., cold atoms physics. One of our goals is to provide a dictionary which would allow the reader to efficiently combine results obtained in these different fields.
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