Using a Ginzburg-Landau model, we study the phase transition behavior of compressible Ising systems at constant volume by varying the temperature
T and the applied magnetic field
h. We show that two phases can coexist macroscopically in equilibrium within a closed region in the $T\text{\ensuremath{-}}h$ plane. Its occurrence is favored near tricriticality. We find a field-induced critical point, where the correlation length diverges, the difference of the coexisting two phases and the surface tension vanish, but the isothermal magnetic susceptibility does not diverge in the mean field theory. We also investigate phase ordering numerically.
Within the droplet model for the Ising spin system it is shown that the magnetic specific heat
Cp and the susceptibility ${\ensuremath{\chi}}_{p}$ for constant vanishing pressure and magnetic field remain finite in a compressible lattice as the critical point
Tc is approached from below. This regularization of
Cp and ${\ensuremath{\chi}}_{p}$ is caused by the long-range indirect spin-spin interaction, which is a consequence of the dependence of the exchange integral on the lattice spacing.