What does Economic Evaluation (EE) mean?
From the perspective of the nature of economic appraisal, Evers et al (1998) divided EE in three distinct categories including: Full Economic Evaluation which refers to four basic kinds of EE which have been distinguished among health economists namely: cost-minimization analysis (CMA), CEA, CBA and cost utility analysis (CUA) (Buxton, 1988; Donaldson, Gillian, & Mitton, 2002; Drummond et al., 1997; Evers et al., 1998; Kernick, 2003) whereas, in Partial Economic Evaluation the analysis is restricted to costs only. Other economic evaluations also are being used as an integral part of health care evaluation and health care technology assessment. Scenario analysis, decision models and meta-analysis for instance, can be used when direct observation of the phenomenon is not available or cannot be collected (Evers et al., 1998). For example, Sonnenberg (1993) applied Markov-Models to study medical decision-making. Akehurst et al., (2000) also used decision analytic modeling in the economic e
