We study the critical behavior of the three-dimensional planar magnet model
in which each spin is considered to have three components of which only th
e x and y components are coupled. We use a hybrid Monte Carlo algorithm in
which a single-cluster update is combined with the over-relaxation and Metr
opolis spin reorientation algorithm. Periodic boundary conditions were appl
ied in all directions. We have calculated the fourth-order cumulant in fini
te-size lattices using the single-histogram reweighting method. Using finit
e-size scaling theory, we obtained the critical temperature which is very d
ifferent from that of the usual XY model. At the critical temperature, we c
alculated the susceptibility and the magnetization on lattices of size up t
o 423 Using finite-size scaling theory we accurately determine the critical
exponents of the model and find that nu=0.670(7), gamma/nu=1.9696(37), and
beta/nu=0.515(2). Thus we conclude that the model belongs to the same univ
ersality class with the XY model, as expected. [S0163-1829(99)07117-9].