The device, which would be a very large resistance of some kind, capable of handing half the power of your amp is called, in more than one electronic dicipline one, a dummy load. I deal with dummy loads often in my work.
Here is what happens. I'll use a well known popular amp in my example. The Rumble 500.
This amp is rated at 350 watts with an 8 Ohm load, and 500 watts with a 4 Ohm load.
To keep using your 8 Ohm cab and get 500 watts would require a special resistance of 8 Ohms wired in parallel with your cab, just as you would wire two 8 Ohm cabs.
When you wire two 8s in parallel, half the amp's power goes to each. So your dummy load has to handle half of the 500 watts, or 250 watts and your cab gets the other half.
So instead of getting 350 watts delivered to one 8 Ohm cab, without the dummy load, you now only get 250 watts into the one cab. The other half of your 500 watts just gets turn into heat by the dummy load.
So if you're going for a power reduction then this is a way to do it.
BTW, the resistance you use needs to be rather special. You need a non inductive resistor and to handle 250 watts in a practical manner, you need to double the power handling capacity of the resistor.
So Google yourself up a 500 watt, 8 ohm, non- inductive resistor, and there ya go.
Be aware that in addition to the loss of power, there are other more dynamic reasons that a resistor will not act like a speaker.