Semiconductor excitons obey Bose-Einstein statistics in the low-density lim
it. In this paper, a two-level quantum model for an exciton condensate subj
ect to radiative decay is presented. The condensate state has a well-define
d exciton number and a slow phase diffusion rate analogous to a coherent st
ate created by a (photon) laser. Since excitons recombine radiatively, the
statistics of the device can be observed by photodetection. Our analytical
and numerical results at steady state reveal that the change in population
statistics of the ground state is gradual across the threshold region, abov
e which a condensate forms. When radiative losses are present, the condensa
te mode is "quasicoherent;" in the limit of no losses a coherent state is a
pproached. Far below threshold the ground state is well described by a ther
mal distribution. The higher level, that is the "pump," remains thermally d
istributed at all times. [S0163-1829(99)13243-0].