1 Distribution Services and the Digital Economy: Implications for GDP Measurement, Productivity and Household Welfare* Roger R. Betancourt Department of Economics University of Maryland Version 3.0 September 2017 Comments Welcome. *Lunch time conversations with B. Robles last year provided substantial encouragement for undertaking this project. Comments by A. Benyishay, B. Robles and G. Sertsios on earlier versions are gratefully acknowledged. Conference presentations at Frontiers in Service 2017 and SEM/MIT 2017 on the Digital Economy led to further improvements. Remaining errors are, of course, the author’s responsibility.