Asymptotic properties of ranked heights in Brownian excursions (Q5937297)

Let \(M_1(t)\geq M_2(t)\geq\cdots\) be the ranked heights of the excursions of reflected standard Brownian motion up to time \(t\) (including the meander height). This paper gives asymptotic properties of \(M_n(t)\) for \(n\geq 2\) or \(M_{n(t)}(t)\) as \(t\to\infty\) (exact distributional properties have been studied by Pitman and Yor and the asymptotic of \(M_1(t)\) reduces to standard properties of Brownian motion). For example, integral tests are given for \(M_n(t)> g(t)\) or \(M_n(t)< h(t)\) to occur infinitely often. A basic step in the proofs is an explicit representation of some functionals associated with ranked Bessel process excursions under a certain time change.