The catalytic effect of charged micelles as manifested through the increased collision frequency between the counterions of an electrolyte in the presence of such micelles is explored by the Monte Carlo simulation technique and various theoretical approaches. The micelles and ions are pictured as charged hard spheres embedded in a dielectric continuum with the properties of water at 298 K with the charge on micelles varying from zero to z(m) = 50 negative elementary charges. Analytical theories such as W the symmetric Poisson-Boltzmann theory, (ii) the modified Poisson-Boltzmann theory, and (iii) the hypernetted-chain integral equation are applied and tested against the Monte Carlo data for micellar ions (in) with up to 50 negative charges in aqueous solution with monovalent counterions (c; z(c) = +1) and co-ions (co; z(co) = -1). The results for the counterion-counterion pair correlation function at contact, g(cc)(sigmacc), are calculated in a micellar concentration range from c(m) = 5 x 10(-6) to 0.1 mol/dm(3) with an added +1:-1 electrolyte concentration of 0.005 mol/dm(3) (for most cases), and for various model parameters. Our computations indicate that even a small concentration of a highly charged polyelectrolyte added to a +1:-1 electrolyte solution strongly increases the probability of finding two counterions in contact. This result is in agreement with experimental data. For low charge on the micelles (z(m) below -8), all the theories are in qualitative agreement with the new computer simulations. For highly charged micelles, the theories either fail to converge (the hypernetted-chain theory) or, alternatively, yield poor agreement with computer data (the symmetric Poisson-Boltzmann and modified Poisson-Boltzmann theories). The nonlinear Poisson-Boltzmann cell model results yield reasonably good agreement with computer simulations for this system.