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"externality effect" is a correct and usable phrase in written English.
You can use it when referring to the external costs or benefits that arise from a transaction or activity between two parties. For example, "The externality effect of the factory's emissions caused air pollution in nearby neighborhoods."
Exact(59)
We explore how experience effect and externality effect influence the effectiveness of diffusion, which is measured by the reach of the diffusion and its speed.
Throughout the paper, we highlight how these findings can be related to an incumbency externality effect and to the theory of divided government.
Using Multinomial Logit (MNL) and Error Components (EC) models, we show that alternative assumptions concerning the threshold load factor that triggers a crowding externality effect do have an influence on the value of travel time (VTTS) for low occupancy levels (all passengers sitting); however, for high occupancy levels, alternative crowding models estimate similar VTTS.
Externality effect, therefore, become relatively higher.
Likewise, positive externalities can generate a negative externality effect.
Section 4 analyzes the externality effect of the programs.
Such adoption was thus attributed to positive externality effect.
If this was a measure of a common externality effect, this estimate is rather close to the externality effect of 20 30% found in [19].
Consequently, the externality effect has a limited impact on the diffusion.
Fig. 4 Histograms of convergence adoption rates and convergence rounds (positive externality effect).
Similar(1)
We find that these externality effects are unlikely to work through their effect on the spread of open innovation practices.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com