We explore the possibility that polaronic distortions in the paramagnetic p
hase of La0.67Ca0.33MnO3 manganites persist in the ferromagnetic phase by c
onsidering the observed electrical resistivity to arise from coexisting fie
ld- and temperature-dependent polaronic and band-electron fractions. We use
an effective medium approach to compute the total resistivity of the two-c
omponent system, and find that a limit with low percolation threshold expla
ins the data rather well. To test the validity of this model, we apply it t
o the thermoelectric coefficient. We propose a plausible mean-field model t
hat reproduces the essential features of a microscopic model and provides a
comparison with the experimental mixing fraction, as well as the magnetiza
tion and magnetic susceptibility.