I do not know how well they compare. I tend to buy a set of sanding sticks from Squadron.com every so often. They run about $10 for a set of 5 (super fine, extra fine, fine, medium & coarse). I often add it to an order if I'm under their limit for going to the next higher shipping amount.
I don't know how much they are at the various discount stores or if they are sold individually or with different grits or not. My wife and daughters use them all the time.
As to the difference between green stuff and white stuff, I read a long time ago that the white stuff was finer and geared towards aircraft modelers who needed to sand down the gaps really smooth and the green stuff was more pliable and better for armor modelers.