Theoretical models for the liquid-vapor and metal-nonmetal transitions of alkali Buids are investigated. Plasma models are considered Grst but shown to be inadequate, apparently due to their inability to allow a microscopically consistent treatment of coexisting localization and delocalization of the valence electrons in the materials. An alternate approach is then studied in which each statistical configuration of the material is treated as inhomogeneous, with the energy of each ion being determined by its local environment. Nonadditive interactions, due to valence electron delocalization, are a crucial feature of the model. This alternate approach is implemented within a lattice-gas approximation which takes into account the observed mode of expansion in the materials of interest (a change in the average coordination rather than a change in the average nearest-neighbor distance) and which is able to treat the equilibrium density fluctuations. We have carried out grand canonical Monte Carlo simulations, for this model, which allow a unified, self-consistent, study of the structural, thermodynamic, and electronic properties of alkali Buids. Applications to Cs, Rb, K, and Na yield results in good agreement with experimental observations.