We study the simplest irreversible ballistically-controlled reaction, whereby
particles having an initial continuous velocity distribution annihilate upon
colliding. In the framework of the Boltzmann equation, expressions for the
exponents characterizing the density and typical velocity decay are explicitly
worked out in arbitrary dimension. These predictions are in excellent agreement
with the complementary results of extensive Monte Carlo and Molecular Dynamics
simulations. We finally discuss the definition of universality classes indexed
by a continuous parameter for this far from equilibrium dynamics with no
conservation laws