We have developed a flexible framework for constructing physical models of
quasar evolution that can incorporate a wide variety of observational
constraints, such as multi-wavelength quasar luminosity functions (QLFs),
estimated masses and accretion rates of active black holes, space densities of
quasar host galaxies, clustering measurements, and the mass function of black
holes in the local universe. In this brief contribution we focus on the
observed decline in the QLF break luminosity at z<2, which can be explained
either by a shift toward lower characteristic accretion rates at low z or by
preferential suppression of activity in higher mass black holes.Comment: 2 pages, 1 figure, to be published in the Proceedings of
"Multiwavelength AGN Surveys", Cozumel, Dec 8 - 12, 200