Competitive behavior of two channels of resonant Raman scattering and luminescence is discussed for the giant two-photon excitation of excitonic molecules in CuCl. The stochastic theory of intermediate state interaction is applied to describe the time-integrated and time-resolved emission spectra of the excitonic molecule excited resonantly by a short light pulse. Particularly as for the time-resolved spectrum, the frequency-time uncertainty due to the finite observation time is incorporated in the present theory. Our theory explains the observed characteristics of the emission spectra, and the relaxation constants of the excitonic molecule and the exciton in the final state are determined from comparison between the observed and calculated spectra.
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