Renewals for exponentially increasing lifetimes, with an application to digital search trees

We show that the number of renewals up to time t exhibits distributional fluctuations as t.. if the underlying lifetimes increase at an exponential rate in a distributional sense. This provides a probabilistic explanation for the asymptotics of insertion depth in random trees generated by a bit-comparison strategy from uniform input; we also obtain a representation for the resulting family of limit laws along subsequences. Our approach can also be used to obtain rates of convergence.