The Hilbert Transform and Orthogonal Martingales in Banach Spaces

Let $X$ be a given Banach space, and let $M$ and $N$ be two orthogonal $X$-valued local martingales such that $N$ is weakly differentially subordinate to $M$. The paper contains the proof of the estimate $\mathbb E \Psi (N_t) \leq C_{\Phi ,\Psi ,X} \mathbb E \Phi (M_t)$, $t\geq 0$, where $\Phi , \Psi :X \to \mathbb R_+$ are convex continuous functions and the least admissible constant $C_{\Phi ,\Psi ,X}$ coincides with the $\Phi ,\Psi $-norm of the periodic Hilbert transform. As a corollary, it is shown that the $\Phi ,\Psi $-norms of the periodic Hilbert transform, the Hilbert transform on the real line, and the discrete Hilbert transform are the same if $\Phi $ is symmetric. We also prove that under certain natural assumptions on $\Phi $ and $\Psi $, the condition $C_{\Phi ,\Psi ,X}