NORM CLOSED INVARIANT SUBSPACES IN L^{\infty} AND H^\infty
Let \(L^{\infty}\) be the Banach space of essentially bounded functions on the unit circle \(\partial{D}\) and let \(H^{\infty}\) be the norm closed subspace of functions that admit an analytic extension to the unit disk \(D\). A norm closed subspace \(B\) of \(L^{\infty}\) is called invariant if \(zB \subset B\) and doubly invariant if \(zB \subset B\) and \(\overline{z} B \subset B\) for the identity function \(z\) on \(\partial{D}\). In this paper, the authors give a complete characterization of doubly invariant subspaces of \(L^{\infty}\) and determine maximal invariant subspaces of \(L^{\infty}\). Let \(Sf=zf, f \in H^{\infty}\) and \(S^{\star}\) be the operator on \(H^{\infty}\) defined by \((S^{\star}f)(z)=\overline{z}(f(z)-f(0))\). They characterize the closed subspaces of \(H^{\infty}\) that are simultaneously invariant under \(S\) and \(S^{\star}\). The authors also describe the maximal invariant subspaces of \(H^{\infty}\). The paper ends with open questions on this subject.
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