We study the formation of bipolarons in the Holstein-Peierls-Hubbard model
on a square lattice. This model, for sufficiently small Coulomb interaction
, is known to describe a narrow band metallic state, in which the carriers
are heavily dressed by the strong interaction with local, dispersionless (E
instein) phonons. To deal with the absence of a small expansion parameter,
we use a combination of canonical transformations and a variational treatme
nt in terms of squeezed phonon states. The coexistence of polarons and bipo
larons is considered and found compatible for reasonable values of the syst
em parameters, namely the electronic hopping term t, the phonon frequency o
mega and the electron-phonon coupling constant g. The possibility of bipola
ron condensation is studied within this model and found to occur in the sam
e parameter range as the polaron-bipolaron coexistence regime.