Running higher than recommended tire pressure might increase mileage a bit, but at the expense of safety - it's not worth the risk, which is why this is not done.
I suspect that if it were to come to light that a person had willfully done this in the case of a serious accident, there would be solid grounds for liability claims against them. An insurance company would be happy to provide their recommendation on this risky practice.
While higher pressures are worse, even when running at 2 or 3 psi above recommended max pressure for the vehicle if you look you will notice that the centre of the tire wears at a higher rate than the edges, so you end up with a tire with reduced tread depth in the middle.
This reduces the tires ability to grip the road, and its ability to remove the wedge of water that forms ahead of it, increasing visco-planing on wet roads, or hydro-planing on puddled roads. Not to mention the immediate negative effects of a large-crown tire on vehicle handling, before any adverse tire wear has had time to happen.
Once the tire has worn this way, running it at the proper tire pressure will not immediately correct the problem, so you'll end up with compromised safety until the tire has worn evenly again, whenever, and if ever, that happens.
There is a narrow few set of circumstances in which temporarily increasing tire pressure might be appropriate (it increases the load-carrying ability, within the tire's, and auto's limitations for example), but in practise those are rarely if ever encountered.
Tire design is a complicated set of checks, balances and compromises that are done by skilled, expert engineers in the field. There are tires that are designed for the market that offer lower rolling resistance and higher fuel mileage. It's much better to buy one of those, than to try to "convert" another tire into one.
-Brian