Something I don't understand yet (maybe I should just read your linked paper, but maybe it doesn't answer this either): are algebraic effects necessarily founded on delimited continuations (of the reset-shift0 variety) or are there other kinds of algebraic effects?
I think that's largely an implementation detail, so not a requirement as far as I know. That said, delimited continuations certainly make them easier to implement, as I understand it.
I took a look at the paper and it too shows that the effects are just delimited continuations with named, algebraic-typed prompts. It even goes into the difference between shift0 and shift, but not by that name. (It claims that Koka and others are using shift, which isn't quite what I remember but okay.)
I guess it's a good marketing move because "multi-prompt delimited continuations" is scary. It also makes the types sane; I once worked out that expressions with delimited continuations of the reset-shift0 variety are typed by binary trees of ambient types, with a subtyping relation s.t. leaf nodes can be expanded.