Phase coexistence in finite systems obeying van der Waals equation of state
is studied by minimizing a model free energy function for a spherical liqu
id droplet and a gaseous phase around it. Phase diagrams are calculated for
finite systems with a large range of sizes. According to this model, the h
ighest temperature where a droplet and vapour can exist in equilibrium decr
eases as N-0.4, where N is the number of particles in the system. The model
predicts higher equilibrium vapour pressures than molecular dynamics simul
ations.