Abstract: | We discuss the operator formulation of the Zachariasen-Thirring model, describing the chain approximation to the propagator (the sum of three-particle massless bubbles) in massless λ4 theory. Such a model is formally scale-invariant and explicitly soluble. All intermediate steps of conventional renormalization procedure, regularization, introduction of appropriate counterterms, and cut-off free limit, are explicitly performed. In every step the scaling properties are discussed and respective dilatation currents are written down. After the proper choice of scale transformations for the renormalized field operator, we obtain the nonlocal dilatation current, defining the renormalized dilatation generator DΛR(t). In the cut-off free limit Λ → ∞ the ET commutator of DΛR(t) with renormalized field operators reproduces the Callan-Symanzik modification of “naive” canonical scale transformations. The renormalized scale transformations coincide in the cut-off free limit with renormalized dimensional transformations and define the exact symmetry of the renormalized theory. |