We investigate theoretically the molecular yield in photoassociation of
Bose-Einstein condensed sodium atoms for light intensities of the order of and
above those applied in a recent experiment. Our results show that the rate at
which ground state molecules may be formed saturates at high light intensities
whereas the loss rate of condensate atoms does not. This is caused by the
opposing roles of the short and long range pair correlations present near
resonance under the influence of the laser and is crucial for the development
of efficient photoassociation procedures in a condensate.Comment: 4 pages RevTeX, 4 Figures, numerical errors corrected in revised
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