We measure the luminosity function of morphologically selected E/S0 galaxies
from z=0.5 to z=1.0 using deep high resolution Advanced Camera for Surveys
imaging data. Our analysis covers an area of 48\Box\arcmin (8× the
area of the HDF-N) and extends 2 magnitudes deeper (I∼24 mag) than was
possible in the Deep Groth Strip Survey (DGSS). At 0.5<z<0.75, we find
MB∗−5logh0.7=−21.1±0.3 and α=−0.53±0.2, and at
0.75<z<1.0, we find MB∗−5logh0.7=−21.4±0.2. These luminosity
functions are similar in both shape and number density to the luminosity
function using morphological selection (e.g., DGSS), but are much steeper than
the luminosity functions of samples selected using morphological proxies like
the color or spectral energy distribution (e.g., CFRS, CADIS, or COMBO-17). The
difference is due to the `blue', (U−V)0<1.7, E/S0 galaxies, which make up to
∼30 of the sample at all magnitudes and an increasing proportion of faint
galaxies. We thereby demonstrate the need for {\it both morphological and
structural information} to constrain the evolution of galaxies.
We find that the `blue' E/S0 galaxies have the same average sizes and Sersic
parameters as the `red', (U−V)0>1.7, E/S0 galaxies at brighter luminosities
(MB<−20.1), but are increasingly different at fainter magnitudes where
`blue' galaxies are both smaller and have lower Sersic parameters. Fits of the
colors to stellar population models suggest that most E/S0 galaxies have short
star-formation time scales (τ<1 Gyr), and that galaxies have formed at an
increasing rate from z∼8 until z∼2 after which there has been a
gradual decline.Comment: 39 pages, 21 figures, accepted in A