We present a detailed analysis of the phase transition in the standard
model at finite temperature. Using an improved perturbation theory, w
here plasma masses are determined from a set of one-loop gap equations
, we evaluate the effective potential V-eff(phi,T) in next-to-leading
order, i.e., including terms cubic in the gauge coupling g, the scalar
self-coupling lambda(1/2), and the top-quark Yukawa coupling f(t). Th
e gap equations yield a non-vanishing magnetic plasma mass for the gau
ge bosons, originating from the non-abelian self-interactions. We disc
uss in detail size and origin of higher order effects and conclude tha
t the phase transition is weakly first-order up to Higgs masses of abo
ut 70 GeV, above which our calculation is no longer self-consistent. F
or larger Higgs masses even an approximation containing all g(4) contr
ibutions to V-eff is not sufficient, at least a full calculation to or
der g(6) is needed. These results turn out to be rather insensitive to
the top-quark mass in the range m(top)=100-180 GeV. Using Langer's th
eory of metastability we calculate the nucleation rate of critical dro
plets and discuss some aspects of the cosmological electroweak phase t
ransition. (C) 1994 Academic Press, Inc.