This paper develops the concept of strategic disruption using the insights of Transaction Cost Economics (TCE). Firms attack competitors by shaping government rules in order to produce misalignment of competitors' transactions and governance structures. Strategic disruption is illustrated by the...

This paper examines the debate on capital costs for publicly owned electric utilities in Canada, especially the effect of government guarantees on hydro borrowing. An examination of the borrowings of Hydro-Quebec and 46 American utilities from 1980-86 shows no significant effect of the...