We prove Prices law with an explicit leading order term for solutions $phi(t,x)$ of the scalar wave equation on a class of stationary asymptotically flat $(3+1)$-dimensional spacetimes including subextremal Kerr black holes. Our precise asymptotics in the full forward causal cone imply in particular that $phi(t,x)=c t^{-3}+mathcal O(t^{-4+})$ for bounded $|x|$, where $cinmathbb C$ is an explicit constant. This decay also holds along the event horizon on Kerr spacetimes and thus renders a result by Luk-Sbierski on the linear scalar instability of the Cauchy horizon unconditional. We moreover prove inverse quadratic decay of the radiation field, with explicit leading order term. We establish analogous results for scattering by stationary potentials with inverse cubic spatial decay. On the Schwarzschild spacetime, we prove pointwise $t^{-2 l-3}$ decay for waves with angular frequency at least $l$, and $t^{-2 l-4}$ decay for waves which are in addition initially static. This definitively settles Prices law for linear scalar waves in full generality. The heart of the proof is the analysis of the resolvent at low energies. Rather than constructing its Schwartz kernel explicitly, we proceed more directly using the geometric microlocal approach to the limiting absorption principle pioneered by Melrose and recently extended to the zero energy limit by Vasy.
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