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We use 90 quasars detected by their Lyα emission to well-defined flux limits in the Palomar Transit Grism Survey to derive the luminosity function of quasars in the redshift range 2. 75-4. 75. Application of the V/Vₘax_ test yields (Vₑ_/Vₐ_) = 0. 377+/-0. 026, corresponding to a nonuniform distribution in comoving coordinates, such that the space density decreases with redshift. The luminosity function appears to be well represented by a power law with a slope corresponding to a factor of 5. 6 per magnitude. We discuss and define the relationship between the line luminosity function and the continuum luminosity function of quasars. The space density for MB_ < - 26 decreases by a factor of 2. 7 per unit redshift beyond z = 2. 7. Based on this result and earlier published work on quasar luminosity functions at lower redshifts, it appears that there is a maximum in the comoving space density of quasars with MB_ < - 26 between redshifts 1. 7 and 2. 7.
Schmidt et al. (Sat,) studied this question.