We have performed detailed optical measurements of ultrathin InAs/InP quant
um wells grown by metalorganic vapor phase epitaxy. Absorption and photolum
inescence excitation spectra reveal the excitonic resonances associated wit
h two- and three-monolayer-thick InAs layers. Photoluminescence spectra als
o show an emission band at intermediate photon energies which is associated
with excitons localized in thin InAs quantum dots. Polarization-dependent
measurements clearly show the heavy-hole or light-hole nature of the quantu
m well resonances. Such an identification of both type of transitions provi
des a test for electronic structure models. We find that the energy positio
ns of the excitonic transitions in ultrathin InAs/InP quantum wells are not
consistent with calculations based on the envelope function model. (C) 200
0 American Vacuum society. [S0734-2101(00)01903-5].