I am not quite sure that my question below is appropriate for this site, probably it should be addressed to the physical commutity. But I hope that some (mathematical) physicists do attend MO. I have two questions on dimensional regularization used in the renormalization theory (they should be very basic, I am a mathematician, even not a mathematical physicist).
1) Is there a mathematically rigorous exposition of the dimensional regularization?
2) Let $d$ denote the dimension of the space time. My impression is that the method of dimensional regularization works better for even $d$ rather than for odd. Namely for some integrals which are obviously divergent in odd dimensions, the method of dimensional regularization gives convergent expressions. Below I give a simple example of such a situation for $d=3$. Thus my second question is how to resolve this apparent contradiction, and whether the method can be modified to work in odd dimensions as well, even at the physical level of rigour.
Here is the example. Consider the theory $\phi^4$ in Euclidean space-time. Consider the Feynmann diagram with just one vertex, one self-loop, and two exterior lines (though, I guess, one can construct many other examples). The corresponding integral, up to some factors containing the interaction constant, is equal to $\int \frac{1}{p^2+1}d^dp$ (we take the mass $m=1$ for simplicity; it is physically impossible for dimensional considerations, but does not influence the analysis of convergence issues). We have \begin{eqnarray*} \int \frac{1}{p^2+1}d^dp=\frac{2\pi^{d/2}}{\Gamma(d/2)}\int_0^\infty \frac{r^{d-1}}{r^2+1}dr=:A. \end{eqnarray*} The integral $A$ diverges for $d\geq 2$. After some change of variables and standard computations it becomes \begin{eqnarray*} 2\pi^{d/2} \Gamma(-\frac{d}{2}+1). \end{eqnarray*}
The last expression has no poles at odd $d$, in particular at $d=3$. This apparently contradicts the above mentioned divergence of the integral $A$. On the other hand, at even $d$, $\Gamma(-\frac{d}{2}+1)$ does have a pole as expected, and the method works well.