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Suppose $f \in L^{4/3}(\mathbb{R}^2)$ and denote its Fourier transform by $\mathscr{F}(f)$. Is it true that the function $g:\mathbb{R}^2 \rightarrow \mathbb{C}$ defined by $$g(x)=|x|^{-1}\mathscr{F}(f)(x)$$ is in $L^{4/3}(\mathbb{R}^2)$ also?

Simply appealing to Hausdorff-Young and Hölder's inequality doesn't suffice.

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I'm pretty sure one can do it with the Marcinkiewicz interpolation theorem. (Or is this overkill?) – Hendrik Vogt Jun 27 '11 at 11:44
@Hendrik: I am not quite seeing it. What are you proposing to use as the end points? – Willie Wong Jun 27 '11 at 13:37
@Willie: $4/3-\varepsilon$ and $4/3+\varepsilon$, for a suitable $\varepsilon>0$. The point is that $x\mapsto|x|^{-1}$ is in the weak $L_2$ space. – Hendrik Vogt Jun 27 '11 at 13:52
(Egads, my interpolation theory is rusty.) Of course: $f\mapsto g$ is $L^1\to L^{2,w}$ and $L^2 \to L^{1,w}$. I was looking at the scale the wrong way and forgot to dualize. – Willie Wong Jun 27 '11 at 14:39
@Willie: I took the freedom to use your end points in my answer :-) – Hendrik Vogt Jun 27 '11 at 15:18

As I wrote in the comments, this can be proved with the Marcinkiewicz interpolation theorem. Here's the main steps:

It's well-known that $\mathscr{F}\colon L^1(\mathbb R^2)\to L^\infty(\mathbb R^2)$ and $\mathscr{F}\colon L^2(\mathbb R^2)\to L^2(\mathbb R^2)$ is bounded. Moreover, the function $x\mapsto|x|^{-1}$ lies in the weak $L^2$ space $L^{2,\rm w}(\mathbb R^2)$. For the operator $T$ defined by $$ Tf(x) := |x|^{-1}\mathscr{F}(f)(x) $$ we thus obtain that $T: L^1(\mathbb R^2)\to L^{2,\rm w}(\mathbb R^2)$ and $T: L^2(\mathbb R^2)\to L^{1,\rm w}(\mathbb R^2)$. In other words, $T\,$ is of weak type $(1,2)$ and of weak type $(2,1)$. Now the Marcinkiewicz interpolation theorem yields: $\,T\,$ is of strong type $(p,q)$ (i.e., $T: L^p(\mathbb R^2)\to L^q(\mathbb R^2)$ is bounded) if $p$ and $q$ are such that $p\le q$ and $$ \frac1p = \frac\theta1 + \frac{1-\theta}2 = \frac{1+\theta}2, \quad \frac1q = \frac\theta2 + \frac{1-\theta}1 = 1-\frac\theta2, $$ where $\theta\in(0,1)$. For $\theta=\frac12$ we obtain $p=q=\frac43$. Thus, in particular, $g=Tf \in L^{4/3}(\mathbb{R}^2)$ for all $f \in L^{4/3}(\mathbb{R}^2)$.

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