These three comments as a chain are hilariously close to the paper ‘On the Expressive Power of User-Defined Effects: Effect Handlers, Monadic Reflection, Delimited Control’ by Forster,Kammar,Lindley,Pretnar. It’s relatively new and evaluates the expressive power of the three concepts, which barring preserving typability during translation, are equivalent.
1 - https://ps.uni-saarland.de/Publications/documents/ForsterEtA...