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The 2012 Aspen Institute Roundtable on Spectrum Policy (AIRS) convened shortly after the presidential election to consider ways that spectrum policy could improve the economy through innovation. The attendees focused on how spectrum policies could help create an environment that makes it easier to use spectrum as a resource for innovative new goods and services. The participants first identified problems facing new entry and innovation today, and then recommended solutions, looking specifically at the interstices between licensed and unlicensed approaches, spectrum sharing and flexibility, and new institutional arrangements to manage these solutions. The report sets forth eleven recommendations gleaned from the conference dialogue to guide future spectrum policy development with regard to facilitating innovation.