We propose a canonical tranformation approach to the effective interaction
W-eff between two holes, based on the three-band Hubbard model but ready to
include extra interactions as well. An effective two-body Hamiltonian can
in principle be obtained including any kind of virtual intermediate states.
We derive the closed-form analytic expression of the effective interaction
including 4-body virtual states, describing the exchange of an electron-ho
le pair to all orders. The resulting integral equation, valid for the full
plane, leads to a Cooper-like instability of the Fermi liquid. The two-hole
bound states generalize those reported earlier in cluster calculations by
exact diagonalisation methods. (C) 1998 Published by Elsevier Science Ltd.
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