No, it does not. Your eye has no receptors to detect a chair, a stone or a dog. They detect a spectrum. Why should the nose work different?
"infrared theory of smell - a theory that the olfactory sense organ functions as an infrared spectrometer. It assumes that odorants each have a unique infrared absorption spectrum, which produces transient cooling of the cilia in the olfactory epithelium."
This book will answer most of your questions:
This is not bad either
Luca Turin - A Method for the Calculation of Odor Character from Molecular Structure
July 2002Journal of Theoretical Biology 216(3):367-85
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