Abstract
Instantons of the nonlocal effective action Seff that generates a 1N perturbative expansion for O(N)-symmetric (φ2)2 theory are obtained for Euclidean spatial dimension 0ν4, through the inverse scattering transformation (IST). They are studied analytically to a large extent. In addition, variational methods are used when the IST does not provide a closed solution for all couplings. The values of the instanton action are given as a function of the coupling constant g for ν=0, 1, 2, 3, and 4, and 0g+. The large orders of the 1N perturbative expansion are thus estimated. It is found that the 1N perturbation series can be resummed by a Borel transform in integer dimension 0ν3. In four dimensions, the 1N perturbation series is not Borel-summable, owing to the existence of an instanton with real positive action, for physically relevant values of the renormalized coupling constant. It is concluded that (φ2)2 theory in four dimensions is nonperturbatively unstable. The saddle-point equation of massless (φ2)2 theory in the 1N expansion is found to be completely integrable at least for spherically symmetric fields. Explicit instanton solutions are given for this case. A large-N estimate of the decay rate of the vacuum is given.