Published online by Cambridge University Press: 22 February 2016
We consider a broad class of fair leader election algorithms, and study the duration of contestants (the number of rounds a randomly selected contestant stays in the competition) and the overall cost of the algorithm. We give sufficient conditions for the duration to have a geometric limit distribution (a perpetuity built from Bernoulli random variables), and for the limiting distribution of the total cost (after suitable normalization) to be a perpetuity. For the duration, the proof is established via convergence (to 0) of the first-order Wasserstein distance from the geometric limit. For the normalized overall cost, the method of proof is also convergence of the first-order Wasserstein distance, augmented with an argument based on a contraction mapping in the first-order Wasserstein metric space to show that the limit approaches a unique fixed-point solution of a perpetuity distributional equation. The use of these two steps is commonly referred to as the contraction method.