Tilt: spectral and dispersive emission properties are analytically determin
ed for the two-dimensional system of exciton-polaritons in microcavities ex
cited by a resonant and coherent optical pump. New collective excitations r
esult from the anomalous coupling between one generic polariton state and i
ts idler, created by the scattering of two pumped polaritons. The correspon
ding parametric correlation is stimulated by the emitter and idler populati
ons and drives very efficiently the luminescence. The intrinsic properties
of the collective excitations determine a peculiar emission pattern.