We investigate theoretically two-photon processes in a microcavity containing one quantum dot in the strong-coupling regime. The cavity mode can be tuned to resonantly drive the two-photon transition between the ground and the biexciton states while the exciton states are far-off resonance due to the biexciton binding energy. We study the steady state of the quantum dot and cavity field in presence of a continuous incoherent pumping. We identify the regime where the system acts as two-photon emitter and discuss the feasibility and performance of realistic single quantum-dot devices for two-photon lasing.
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