  We have studied the probability distribution of the perimeter and the area of
the k-th largest erased-loop in loop-erased random walks in two-dimensions for
k = 1 to 3. For a random walk of N steps, for large N, the average value of the
k-th largest perimeter and area scales as N^{5/8} and N respectively. The
behavior of the scaled distribution functions is determined for very large and
very small arguments. We have used exact enumeration for N <= 20 to determine
the probability that no loop of size greater than l (ell) is erased. We show
that correlations between loops have to be taken into account to describe the
average size of the k-th largest erased-loops. We propose a one-dimensional
Levy walk model which takes care of these correlations. The simulations of this
simpler model compare very well with the simulations of the original problem.
