The probability of a station failing to deliver packets before their deadlines, called theprobability of dynamic failure, P dyn, is an important measure for the communication subsystem of a distributed real-time system. Another closely-related performance measure is the ε-bounded delivery time,T ε, which is defined as the least time needed to deliver a packet with probability greater than 1−ε. UsingP dyn andT ε, we comparatively evaluate four contention protocols often used in distributed real-time systems: (i) the token passing protocol and its priority-based variation (called thetoken scheduling protocol), and (ii) theP i-persistent protocol and a priority-based variation thereof. The communication subsystem equipped with different contention protocols is modeled first as embedded Markov chains. Then, we derive the probability distributions of access delay, from whichP dyn andT ε can be calculated. The blocking probability,Q i, can also be derived from the access delay distribution. These measures are derived first under the assumption of a single buffer at each station. The single-buffer model is then extended to the multiple-buffer case. The effects of buffer size onP dyn,T ε, andQ i, and the performance improvement with multiple buffers are analyzed over a wide range of network traffic.