We investigate the constraints imposed on the luminosity function (LF) of long duration Gamma Ray Bursts (LGRBs) by the flux distribution of bursts detected by the GBM at ~1 MeV, and the implications of the non detection of the vast majority, ~95%, of the LGRBs at higher energy, ~1 GeV, by the LAT detector. We find a LF that is consistent with those determined by BATSE and Swift. The non detections by LAT set upper limits on the ratio R of the prompt fluence at ~1 GeV to that at ~1 MeV. The upper limits are more stringent for brighter bursts, with R<{0.1,0.3,1} for {5,30,60}% of the bursts. This implies that for most bursts the prompt ~1 GeV emission may be comparable to the ~1 MeV emission, but can not dominate it. The value of R is not universal, with a spread of (at least) an order of magnitude around R~10^(-1). For several bright bursts with reliable determination of the photon spectral index at ~1 MeV, the LAT non detection implies an upper limit to the ~100 MeV flux which is <0.1 of the flux obtained by extrapolating the ~1 MeV flux to high energy. For the widely accepted models, in which the ~1 MeV power-law photon spectrum reflects the power-law energy distribution of fast cooling electrons, this suggests that either the electron energy distribution does not follow a power-law over a wide energy range, or that the high energy photons are absorbed. Requiring an order unity pair production optical depth at ~100 MeV sets an upper limit for the Lorentz factor, Gamma<=10^(2.5).
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