The dephasing of excitons and the formation of biexcitons in self-organized
CdSe/ZnSe islands grown by molecular-beam epitaxy is investigated using sp
ectrally resolved four-wave mixing. A distribution of exciton-exciton scatt
ering efficiencies and dephasing times in the range of 0.5-10 ps are observ
ed. This indicates the presence of differently localized exciton states at
comparable transition energies. Polarization-dependent measurements identif
y the formation of biexcitons with a biexciton binding energy of more than
four times the bulk value. With decreasing exciton energy, the binding ener
gy slightly increases from 21.5 to 23 meV, while its broadening decreases f
rom 5.5 to 3 meV. This is attributed to a strong three-dimensional confinem
ent with improving shape uniformity for decreasing exciton energy. [S0163-1
829(99)04739-6].