Let T be a unit circle. Assume further that f is an element of the Hardy space H1(T) and g belongs to the analytic BMO space on T. The paper contains the identification of the optimal universal constant C in the estimate|12π∫Tf(ζ)‾g(ζ)dζ|≤C‖f‖H1(T)‖g‖BMO(T). Actually, the inequality is studied in the stronger form, involving the Littlewood-Paley function on the left and the sharp maximal function of g on the right. The proof rests on the construction of an appropriate plurisuperharmonic function on a parabolic domain and the application of probabilistic techniques.
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