In this paper we prove the existence of a positive solution of the nonlinear and nonlocal elliptic equation in in the convex case , where is the critical fractional Sobolev exponent, is the fractional Laplace operator, is a small parameter and is a given bounded, integrable function. The problem has a variational structure and we prove the existence of a solution by using the classical Mountain-Pass Theorem. We work here with the harmonic extension of the fractional Laplacian, which allows us to deal with a weighted (but possibly degenerate) local operator, rather than with a nonlocal energy. In order to overcome the loss of compactness induced by the critical power we use a Concentration-Compactness principle. Moreover, a finer analysis of the geometry of the energy functional is needed in this convex case.

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