This is the same topic of Eliezer Yudkowsky's recent book "Inadequate Equilibria" [0], reviewed by Scott Aaronson here [1]. That book does a good job explaining why not every inefficiency can be eliminated - because getting out of a bad nash equilibrium requires coordinated changes, and for large enough groups you can't convince enough people to make a change at the same time.

0: https://equilibriabook.com/toc/ 1: https://www.scottaaronson.com/blog/?p=3535